Vice President Kamala Harris’ odds of winning in November have exceeded President Joe Biden’s maximum betting odds on the Polymarket platform.
As of Tuesday evening, Harris’ chances of beating former President Donald Trump were estimated at 46%. Shares in the event of a Harris victory are trading at 45.6 cents, while those in the event of a Harris defeat are trading at 54.5 cents.
By comparison, Biden’s odds against Trump peaked on Poylmarket in April, when the president was estimated to have a 45% chance of winning reelection. On the morning of July 21, the day Biden dropped out of the race, the president’s odds were 7%.
According to the Polymarket website, the betting platform is the world’s largest prediction market. Users can buy stocks representing the outcome of events ranging from politics to sports. After an event, the correct outcome can be traded for $1 per stock.
On Monday, odds were still in Trump’s favor, with a 52 percent chance of beating Harris. His winning stock was trading at 52 cents, while his losing stock was selling for 49 cents on Polymarket.
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Newsweek reached out to the Trump and Harris campaigns via email for comment Tuesday.
Harris, who is in just her second week of campaigning, made her first major decision as the presumptive Democratic nominee on Tuesday: choosing Minnesota Gov. Tim Walz as her running mate.
Walz addressed a cheering crowd of supporters Tuesday in Philadelphia during his first speech as vice presidential candidate, and wasted no time in lashing out at Trump and his running mate, Ohio Sen. J.D. Vance.
“Minnesota’s strength comes from our values: our commitment to working together, to seeing beyond our differences, to reaching out,” said Walz, a Nebraska native who has lived in Minnesota for nearly 30 years and has served as governor of his state since 2018. The governor also served in the National Guard and was a high school teacher and football coach before launching his political career.
“Donald Trump sees the world a little differently than we do,” he continued. “First of all, he doesn’t know anything about service. He doesn’t have time for it because he’s too busy serving himself.”
Harris addressed her supporters before Walz took the microphone, describing her vice presidential pick as a role model for his former students and a governor who stands up for freedom.
The vice president also joked about Walz’s high school athletic career, comparing him to Vance.
“Some might say it’s like the varsity team versus the JV team,” Harris joked.
