Harris is getting closer to Trump in the election bets.

Recent developments in the election betting markets have shown a significant shift in favor of Vice President Kamala Harris over former President Trump. In the week since Harris took over at the top of the Democratic ticket, she has gained ground on Trump, narrowing the gap between them to just over 15 percentage points.

Trump, who previously held a 54.6% chance of winning the election, now finds himself facing a stiff competition from Harris, who has risen to a 39.2% chance according to the Real Clear Politics betting average. This represents a substantial change from just a week ago when Trump was leading with a 61% chance, while Harris trailed far behind with an 18.2% chance.

The shift in the betting markets has been noticeable not only on the Real Clear Politics platform but also on PredictIt, a prediction market based in New Zealand. Here, Trump shares are currently selling for 54 cents, indicating a 54% chance of victory, while Harris shares are selling for 48 cents, signaling a closing gap between the two candidates.

Historical trends on PredictIt reveal that Harris has made significant gains over the past week, with her shares rising from 27 cents to 48 cents, closing in on Trump’s lead. This change reflects the growing confidence in Harris’s ability to challenge Trump in the upcoming election.

As the betting markets tighten and Harris gains momentum, polls continue to suggest a potentially close race between the two candidates. In the national average, Trump currently holds a slim 1.7 point lead over Harris, indicating a competitive contest ahead.

While the battleground states’ polling data has been relatively limited, the overall trend points towards a closely fought battle for the presidency between Trump and Harris. With both candidates vying for support and momentum on their side, the upcoming election promises to be an exciting and closely watched event.