In the world of finance, the debate between Kamala Harris and Donald Trump on September 10 caused a stir, particularly in prediction markets. Many observers believe Harris outperformed Trump during the debate, a sentiment supported by the data from Polymarket.
Initially, reported by Finbold, Trump held a significant lead over Harris in the prediction markets, with a 53% chance of winning compared to Harris’s 45% chance between September 4 and 6. However, after the debate, the latest data from Polymarket on September 11 showed both candidates with an equal 49% chance of winning, indicating a shift in sentiment following the debate where Harris was perceived to have dominated.
Polymarket operates as a trading market where traders worldwide buy shares to bet on different outcomes. Each winning share pays out one dollar in USDC, and currently, shares for both Trump and Harris cost around $0.49, suggesting good odds for traders who bet on either candidate.
The debate between Vice President Harris and former President Trump covered various issues, marked by intense exchanges and attacks from both sides. The candidates sparred over legal issues, pandemic responses, inflation, immigration, and other policy matters. Race, crime statistics, and election integrity were also discussed, reflecting the deep divisions in partisan politics. Post-debate, pop star Taylor Swift endorsed Harris, potentially influencing the race.
As analysts evaluate the debate’s impact on the presidential race, the prediction markets continue to be a key indicator of changing sentiments. It is essential to note that investment in prediction markets involves risks and should not be considered as investment advice.