Shares of former U.S. President Donald Trump’s media company surged to their highest since July on Tuesday as betting odds favored the Republican candidate in his bid for reelection to the White House.), which operates the Truth Social app, jumped 9% to $34.17, and the stock has nearly tripled since sinking to an all-time low in late September.
As of mid-day, traders had exchanged $1.1 billion worth of Trump Media shares, in line with a recent surge in trading volume, according to LSEG data. Polymarket has Trump with a 64% chance of winning and Harris at 36%, with a combined $2.2 billion in volume. One of four accounts on Polymarket that have fueled speculation over their large bets on a Trump victory added to its wagers Tuesday, increasing the potential payout if Trump wins to nearly $44 million, according to Polymarket’s activity tracker.
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