Investors back off bets on ‘Trump trade’ after surprise new Iowa polls

Since the poll, Trump’s odds of winning on various betting platforms, including Polymarket, have declined after previous gains. The 78-year-old’s odds at Polymarket stood at nearly 58 percent on Monday, but were 67 percent before Wednesday’s vote.

Meanwhile, business leaders told analysts that competition has clouded their prospects and investors are worried about civil unrest in the event of an outcome that doesn’t bring joy to everyone.

Days earlier, Las Vegas Discovered betting markets showed republican the candidate had also suffered a severe slump a few days earlier.