Trader shifts support to Kamala Harris in prediction markets despite Trump’s electoral lead

A trader known as 'Redegen' on Polymarket has increased his bet on Vice President Kamala Harris winning the popular vote, despite former President Donald Trump being favored to win the electoral college. Redegen's position has shifted from a loss of $465,000 to a profit of over $300,000. Currently, Trump's odds of winning the election have decreased from 67% to 62%, while Harris's odds for the popular vote have risen to 64%. This reflects a divide in prediction markets, with Harris leading in polls but trailing in overall betting odds. The distribution of shares also shows a difference in support. Trump's top five backers hold 50% of shares, while Harris's top five account for only 18%. The role of prediction markets will be discussed at an upcoming event on November 19.