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Polymarket's Trump's chances of winning the election dropped to 62%, possibly due to traders' hedging operations

Polymarket's Trump's chances of winning the election dropped to 62%, possibly due to traders' hedging operations

CointimeCointime2024/11/01 09:44
By:Cointime

data from Polymarket shows that the current probability of a Trump victory has dropped to 62% (previously reaching as high as 67%). Some observers believe that the increase in odds reflects hedge positions between traders, with traders hedging their risks by betting on a Harris victory due to earlier reports of "voting irregularities" by Trump.

Furthermore, some researchers have pointed out that if traders are able to access both Robinhood Securities and Polymarket, there is a good arbitrage opportunity available. Users can bet on a Trump victory on Robinhood and bet on Harris on Polymarket, and regardless of who wins, they will profit (Harris has a relatively higher chance of winning on Robinhood Securities compared to Polymarket).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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