The increase in Harris' odds, now nearly 39%, suggests some traders are hedging against Trump, who has seen his odds drop to 61%.
Reports of voting irregularities against Trump might be triggering strategic trading, which is reflected in the dynamic nature of Polymarket's betting environment.
Polymarket allows users to buy betting shares in outcomes, where current pricing reflects the perceived probability of those outcomes occurring, making it a dynamic marketplace.
The crypto market's drop could be linked to Trump's declining odds on Polymarket, showing interconnectedness between political betting and broader economic trends.
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