There are 2 straight forward solutions to tho which create a nice identity.
Solution 001
Defining the following equivalent random walker for each step $ {x}_{i} $:
$$ \mathbb{P} \left( {x}_{i} \right) = \begin{cases}
\frac{1}{4} & \text{ for } {x}_{i} = -1 \\
\frac{1}{4} & \text{ for } {x}_{i} = 1 \\
\frac{1}{2} & \text{ for } {x}_{i} = 0
\end{cases} $$
Defining his walk as $ {S}_{N} = {x}_{1} + {x}_{2} + \cdots + {x}_{N} $.
The equivalent question is $ \mathbb{P} \left( {S}_{N} = 0 \right) = ? $.
Namely when will this walker go back to the origin - do the same number of steps to the left as to the right.
The probability of doing $ k $ steps to the right / left are given by:
$$ {\left( \frac{1}{4} \right)}^{k} {\left( \frac{1}{4} \right)}^{k} {\left( \frac{1}{2} \right)}^{N - k} \binom{N}{k} \binom{N - k}{k} $$
Now going through all valid values of $ k $:
$$ \mathbb{P} \left( {S}_{N} = 0 \right) = \sum_{k = 0}^{ \left \lfloor \frac{N}{2} \right \rfloor } {\left( \frac{1}{4} \right)}^{k} {\left( \frac{1}{4} \right)}^{k} {\left( \frac{1}{2} \right)}^{N - k} \binom{N}{k} \binom{N - k}{k} $$
Solution 002
Let's mark turning left by $ 0 $ and turning right by $ 1 $. Then, each of them is creating a binary number of length $ N $.
In order of them to meet they need to create a number with the same number of $ 1 $ (Hence also $ 0 $) each.
The probability of Walker #1 to create a binary number with $ k $ ones is given by (Ratio between the number of numbers with $ k $ ones and the overall number of numbers with $ N $ digits):
$$ \mathbb{P} \left( k \right) = \frac{ \binom{N}{k} }{ {2}^{N} } $$
The probability they meet is going through $ k = 0, 1, \ldots, N $ and since they are independent, multiply them:
$$ \mathbb{P} \left( {S}_{N} = 0 \right) = \sum_{k = 0}^{n} {\left( \frac{ \binom{N}{k} }{ {2}^{N} } \right)}^{2} = {2}^{-2N} \sum_{k = 0}^{n} {\binom{N}{k}}^{2} = \frac{ \binom{2N}{N} }{ {2}^{2N} } $$