In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President Donald Trump for the 2024 election, saw her odds dip significantly after rolling out her economic plans. Over the past 72 hours on Polymarket, her chances have taken a hit, dropping four percentage points, while Trump’s odds rose by the same margin.
Bets on Harris Slide in Predictions Market After Her Price Controls Plan Sparks Controversy
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Predictions Market Bets Swing Toward Trump as Harris’s Economic Plans Get Trampled With Criticism
Kamala Harris‘s popularity appears to be waning as voters digest her proposed policies, especially her controversial plan to curb what she called “price gouging” in an effort to reduce food costs. She also pledged a $25,000 government credit for first-time homebuyers. Before these announcements, on the predictions market Polymarket, Harris was ahead of Trump with a 54% to 45% lead on Aug. 15.
However, at 11:13 a.m. EDT on Aug. 18, Polymarket posted on X that the two candidates were now neck and neck, each with a 49% chance of winning, according to the predictions market. The post quickly sparked a flurry of responses from users on social media. “All it took was Kamala talking about her economic policies once,” one person replied to the Polymarket thread. Another person stated:
Kamala Harris stole two of Trump’s policies and then offered communism on the side. Glad to see that Polymarket is holding her accountable for it.
On Sunday, Trump stirred the pot by sharing an image of Vice President Kamala Harris delivering a speech to a room full of communists holding hammer-and-sickle red flags. The New York Post’s front page didn’t hold back either, branding her economic ideas as “Kamunism” and diving into her price control proposal. Even the Washington Post, which is typically more aligned with the left, published an opinion piece titled “When your opponent calls you ‘communist,’ maybe don’t propose price controls?”
Even the left-leaning CNN joined the chorus of criticism, airing a video segment that took aim at Harris’s economic plan. The broadcast highlighted how price controls have flopped in various socialist countries, with the guest on the show expressing deep skepticism. The guest warned that price controls could lead to “shortages” and potentially “cause a lot of harm.” Another CNN panel didn’t mince words either, criticizing Harris ahead of the Democratic National Convention. “She’s struggling to articulate a consistent and compelling message,” the segment remarked.
By 2:06 p.m. EDT, later that day, Harris nudged ahead with 50%, while Trump trailed closely at 49%.
What do you think about the odds between Harris and Trump on Sunday coming in neck and neck? Share your thoughts and opinions about this subject in the comments section below.
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