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International Business Times

Business

Marvie Basilan

Democrats Have Higher Chances Of Winning Presidency, Popular Vote: Polymarket Traders

Polymarket Donald Trump Kamala Harris Democratic Party Republican Party Republican Pennsylvania

Vice President Kamala Harris speaking at a campaign rally Wednesday in New Hampshire. (Credit: JOSEPH PREZIOSO/AFP via Getty Images)

KEY POINTS

Only 29% of the bets were placed on the GOP winning the presidency and popular vote
Traders believe a Republican sweep is more likely in terms of the balance of power in Congress
Most Polymarket traders bet on Pennsylvania being the 'tipping point' of the 2024 elections

Traders on decentralized prediction platform Polymarket pushed the chances of the Democratic Party winning the November elections by a wide margin over Republicans, even as the results are so far different in a separate presidential forecast on the platform.

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