Election 2020 Prediction Markets: Bettors Say Trump Lost Tuesday's Debate

Published on by Coindesk | Published on

Shares of "Trump" started off the debate trading at around 46 cents, roughly where they had been for much of the month.

Early in the debate, as it quickly heated up, buyers began growing a little more optimistic on Trump's prospects, with shares rising to as high as 48 cents.

As the night wore on and the debate took a turn for the weird, if not troubling, sellers came in where they could, taking prices down to as low as 42 cents, more or less where it was at press time.

Shares of Kamala Harris were traded between 3 and 5 cents during the debates.

On Wednesday, bettors changed their minds about Florida, moving the Sunshine State from Republican at 52 cents to Democrat at 51 cents.

Augur, the most well-known decentralized prediction market, offers one contract on "Will Donald J. Trump win the 2020 U.S. Presidential election?" expiring Jan. 20, 2021.

Polymarket has bettors pricing a Trump win at 46 cents though briefly Tuesday night, it was as high as 52 cents.

Prices fell to 40 cents from 43.5 cents on volume of 57,000 contracts.

Back in February, it traded as high as 65.2 cents before crashing to as low as 31.8 cents in the midst of the March 12 market crash.

His contract on FTX rose to 60.4 cents from 55.5 cents on 10,000 contracts just as the debate commentators were shaking their heads on-air in disbelief at the spectacle they had just witnessed.

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