Vice President Kamala Harris’ Odds Surge in 2024 Presidential Nomination Predictions

Vice President Kamala Harris saw a significant increase in her odds of becoming the Democratic nominee for president in 2024, as reported by traders on Polymarket, a crypto-based prediction market platform.

Polymarket Trends:

• Shares for Harris to receive the nomination traded as high as 31 cents, indicating a 31% chance, up from 7% earlier in the day.
• Traders saw a surge in support for Harris following speculation about President Joe Biden stepping aside.
• Supporters and analysts are advocating for Harris to take a more prominent role in the upcoming election.

PredictIt Comparison:

• On PredictIt, another prediction market platform, Harris’ odds also doubled to 35 cents, reflecting growing confidence in her potential nomination.
• PredictIt’s volume on the Democratic nomination question stands at $31 million.

Market Insights:

• Polymarket, despite being barred from operating in the U.S., saw a substantial trading volume of $5.7 million on this prediction.
• The platform’s largest contract, predicting the U.S. presidency winner, shows Trump as the current favorite with a 66% chance of victory.

Market Impact:

• The surge in predictions for Harris also influenced the market, with meme coin KAMA, named after the vice president, doubling in price to $0.007815.
• Overall, the prediction markets are reflecting a growing interest and speculation around Harris’ potential candidacy in the upcoming presidential election.