Amid the turbulent political landscape, Harris’ chances of clinching the nomination dipped precipitously to a mere 37% before rebounding to 42% at the time of reporting. Meanwhile, Biden’s probability of triumphing in the November election stands at a paltry 13%, trailing Harris’ 15%, as per Polymarket’s latest data.

The spotlight remains on former President and presumptive Republican nominee Donald Trump, who is currently the frontrunner in the race for the White House. “Yes” shares in Polymarket’s contract for Trump recently traded at 61 cents, set to pay out $1 per share in USDC (a stablecoin pegged to the US dollar) if he secures victory, equating to a 61% chance of winning.

Biden, during a recent press briefing, exhibited signs of fatigue, stumbling over his words multiple times and mistakenly referring to Harris as “Vice President Trump.” Despite these gaffes, he engaged deeply with foreign policy discussions post-NATO summit, his voice rising to a near shout when addressing the tragedy of gun violence affecting American children. The president reaffirmed his intention to remain in the race, emphasizing the necessity of assuaging public concerns about his health.

Mounting apprehensions regarding Biden’s age and cognitive well-being have spurred a chorus of calls from prominent Democrats and influential donors, including actor George Clooney, urging the president to step aside, despite his unwavering resolve to continue his campaign.

Polymarket, experiencing a remarkable surge this year, has become a pivotal platform in the electoral betting arena, with hundreds of millions of dollars hinging on the election’s outcome. The platform’s operations are secured through smart contracts on the Polygon blockchain, although U.S. users face restrictions due to regulatory agreements.