Trump was popular in betting markets ahead of Election Day

While polls show the 2024 presidential race between former President Trump and Vice President Harris are neck and neck heading into Election Day, with the GOP candidate considered a strong winner in almost all betting markets.

Traders on the crypto-based Polymarket, the largest prediction market, as of Monday afternoon saw Trump have a 58.1% chance of retaking the White House, compared to 41.9% for Harris.

Republican presidential candidate former U.S. President Donald Trump gestures as he takes the stage for a campaign rally on October 12, 2024 in Coachella, California. (Mario Tama/Getty Images / Getty Images)

On the US-based platform Kalshi, traders saw Trump with a 55% chance of winning, while Harris had a 45% chance.

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Trump is also expected to win, according to all prediction markets tracked by RealClearPolitics. The RCP betting odds data gives the former president an overall 57.9% chance of winning the election, compared to 40.7% for Harris.

Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign event in Charlotte, North Carolina, November 2, 2024. (CHARLY TRIBALLEAU/AFP via Getty Images / Getty Images)

However, there is one notable exception. Bettors on PredictIt slightly favored Harris, giving the vice president a 55% chance of winning on the eve of Election Day, compared to 53% for Trump.

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Critics argue that election-based betting markets pose a threat to democracy, but supporters argue they are a better indicator of the outcome of a race than polls.

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The latest NBC News national poll released over the weekend showed Trump and Harris in a dead heat, each favored by 49% of Americans, with 2% of voters saying they were still undecided.