ToplineFormer President Donald Trump has been surging on betting sites as more states close their polls, turning around what had been a shrinking lead over Vice President Kamala Harris in betting odds after the first major polls closed,

There are different metrics for when a president has officially won the contest. Polymarket allowed bettors to continue backing markets until Fox, NBC, and Associated Press declared Trump had won enough of the electoral college on Wednesday morning. Meanwhile, Kalshi bettors can continue wagering until Inauguration Day on Jan. 20, 2025.

In general, markets gave shorter odds to Donald Trump, who won comfortably, than would have been implied by the neck-and-neck polls or political models, like the one published by The Economist. On Polymarket Mr Trump’s chances of victory never dipped far below 50%,

After a U.S. appeals court ruled in October that wagering is allowed on political races, including the presidential election, Kalshi – a federally-regulated financial exchange – has seen wagers rolling in on the race between Democratic U.

Users holding Trump contracts stand to receive $1 per contract upon settlement, which could be as early as this week for Polymarket users.