Kamala Harris’s odds on Polymarket have risen to 45% following Donald Trump’s recent appearance at the National Association of Black Journalists (NABJ) panel. This increase reflects growing interest and bets on the US presidential race, with Polymarket's total wagered volume reaching $467 million, up from $364 million the previous week.
Due to the surge in betting activity, Polymarket has upgraded its infrastructure, including integrating MoonPay to manage the increased volume and facilitate crypto transactions. The platform allows users to place bets on various election outcomes, and recent events have amplified its use.
Polymarket odds for US elections 2024 (Polymarket)
Trump’s lead has decreased significantly. His odds of winning have dropped from 60% over the past 24 hours and a peak of 72% on July 16, to 55% currently. Harris’s chance, conversely, opened at 37% on July 31 and has climbed to 43%, marking her highest odds since entering the race.
Polymarket odd chart for US elections 2024 (Polymarket)
Recent polls reflect Harris’s improved standing in key swing states. A Bloomberg/Morning Consult poll shows Harris leading Trump 53%-42% in Michigan, with other polls indicating she is either leading or tied with Trump in states such as Wisconsin, Arizona, and Nevada. This uptick in polling may be influencing Harris’s betting odds on Polymarket.
The timing of Harris’s odds increase coincides with Trump’s contentious performance at the NABJ panel. Trump faced criticism for his remarks on Harris’s heritage and claimed he was misled about the panel's nature. Anthony Scaramucci, founder of SkyBridge Capital, suggested that Trump’s performance could lead to a drop in his poll numbers.
The drop in Trump’s odds has been linked to fluctuations in Bitcoin’s price. Bitcoin, which had fallen to $63,700, has since recovered to $64,300 following the FOMC meeting and changes in Trump’s odds. Trump, seen as more Bitcoin-friendly, has had his odds align with Bitcoin’s price trends.
Donald Trump's odds of winning the November election have surged to 53% on Polymarket, reversing a previous dip. His recent support for cryptocurrencies is resonating with crypto investors, giving him a lead over Kamala Harris among this demographic.
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JinseFinanceKamala Harris and Donald Trump tied at 49% in Polymarket's $541M presidential betting pool.
ZeZhengTrump's odds of winning the presidential race have dropped to 54%, while Kamala Harris’s chances have risen to 43%. This shift is influenced by speculation about Harris's potential crypto stance and Trump's pro-crypto promises.
ZeZhengGolden Finance launched the 2397th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.
JinseFinanceKamala Harris leads in most national polls but lags behind Donald Trump in the crypto community. Trump's strong crypto support contrasts with Harris' cautious approach, highlighting differing strategies as the 2024 election approaches.
WenJunPolymarket prediction markets indicate Trump leads 2024 U.S. Presidential Election odds, reflecting dynamic public sentiment and financial speculation in the evolving landscape of political forecasting.
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