The probability of Trump's victory on Polymarket has dropped to 62%, possibly influenced by traders' hedging activities

2024-11-01 17:14:09
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ChainCatcher news, according to Coindesk, Polymarket data shows that the probability of Trump winning has now dropped to 62% (previously peaked at 67%). Some observers believe that the rising odds reflect hedging positions among traders, as they are hedging risks by betting on Harris winning, following earlier reports of "voting irregularities involving Trump."

Furthermore, researchers have pointed out that if traders can access both Robinhood Securities and Polymarket simultaneously, there is currently a good arbitrage opportunity. Users can bet on Trump winning on Robinhood and bet on Harris on Polymarket, ensuring a profit regardless of who wins (Harris's winning odds on Robinhood Securities are relatively higher than on Polymarket).

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