Despite widespread skepticism about how much faith investors should place in the signals sent by the cryptocurrency-based prediction market Polymarket, Wall Street is paying close attention to betting on the high-odds platform. Donald Trump will win the US presidential election.

While naysayers claim that excessive betting and pro-crypto bias can skew the odds presented on the site, some smart money traders and strategists are following Polymarket closely. Vice President Kamala Harris and former president Trump are effectively in a dead heat ahead of the November 5 election based on recent polls, but betting odds on Polymarket indicate a 67% probability that Trump will win.