A new Polymarket user, identified as Ly67890, has made a significant bet on Vice President Kamala Harris, boosting her odds on the market prediction platform.

Ly67890 purchased $2 million worth of “Yes” shares for the Democrat presidential candidate just 11 days ahead of the U.S. elections, as per data from Polymarket. Most individual bets were less than $1,000, with only six exceeding $100,000.

This substantial bet has already increased in value to $2.153 million, as Harris’ chances rose to 39.9% from a local bottom of 35%.

Bets on the Next U.S. President

The large bet from Ly67890 has pushed the total amount wagered on Harris past the $500 million mark.

Despite this, Republican candidate Donald Trump remains the frontrunner with a 60.1% chance of winning the presidential race, according to Polymarket data.

The total betting volume on the next U.S. president currently stands at $2.63 billion, with Trump leading at $783 billion.

It’s crucial to understand that Polymarket data does not determine the winner of the U.S. presidential election.

The crypto community has been influencing the odds in Trump’s favor while the platform is not allowed in the U.S. due to securities regulation violations.

One primary reason for the crypto community’s limited support for the Democrat candidate is the perceived poor regulation during the Biden-Harris Administration.

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