Trump takes commanding lead over Harris across betting markets

Published On Oct 15, 2024, 6:00 AM

Recent betting markets have shown a significant shift in favor of Donald Trump over Kamala Harris in the 2024 presidential race, despite polls indicating a tight competition. As of Monday, Trump is favored by 54% to Harris's 49% on PredictIt. This shift marks the first time Harris has dropped below 50% since July. Other prediction markets like PolyMarket and Betfair also provide Trump with a leading edge over Harris. While convention polls suggest a neck-and-neck race, the betting markets are reflecting a strong trend towards Trump as momentum builds in his favor just weeks before the election.

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Given the rising odds of Trump winning the election, investing in assets related to Trump's campaign or industries that benefit from his policies could see positive movement. Stocks tied to the financial, energy, or defense sectors may benefit if Trump increases his lead. Additionally, ETF options that focus on sectors likely to thrive under a Trump administration could also be prudent investments.

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