crypto.news8 minutes ago

Published on July 18, 2024 15:18 GMT+00:00edited on July 18, 2024 15:19 GMT+00:00

Barely 24 hours after President Joe Biden tested positive for COVID-19, Polymarket punters began piling bets on Vice President Kamala Harris securing the Democratic ticket.

Bettors wagering on Polymarket’s “Democratic Nominee 2024” outcome have staked $13.6 million on the odds that Kamala Harris will be picked over Joe Biden. The odds of Harris representing the Democrats in the November election increased to 52% on Thursday, up from under 25% at the start of the week.

Biden’s odds moved inversely, dropping from over 55% on Monday to 30% at press time.

After White House Press Secretary Karine Jean-Pierre announced President Biden’s COVID-19 status, punters on the Polygon-based decentralized predictions platform leaned towards Harris. Bets on Biden still comprise the lion’s share of …