U.S. Vice President Kamala Harris continues to lead Donald Trump on Polymarket, a cryptocurrency-based prediction platform, marking her fourth consecutive day ahead in the race. As of today, Harris holds a 52% probability of winning the upcoming U.S. presidential election, while Trump follows closely with a 46% chance.
This shift in betting activity reflects a significant change in sentiment, with Harris’s odds improving as wagers on her candidacy approach $63 million. Trump, despite leading in volume with over $73 million in bets, has seen his odds decline after peaking at 72% just a month ago. The changes come in the wake of President Joe Biden’s withdrawal from the race, which has dramatically altered the election landscape.
Ben Kurland, CEO of DYOR, commented on Harris’s rise, suggesting it could indicate a shift towards more cautious approaches to digital assets. “As Harris surges in the polls, the crypto markets are bracing for impact,” Kurland stated, pointing to potential stricter regulations that might come with a Harris presidency.
Anastasija Plotnikova, CEO of Fideum, emphasized the growing political recognition of the crypto community’s influence. “As Harris’ team begins to engage with the crypto industry, it reflects an understanding of the electoral power held by these communities, which have previously shown strong support for Trump,” Plotnikova remarked.
To garner further support within the crypto community, a grassroots organization called Crypto4Harris is actively promoting her candidacy. The group plans to host a town hall meeting on Wednesday, featuring prominent figures from the crypto industry, including Mark Cuban. Their goal is to advocate for a balanced policy that positions the U.S. as a leader in digital assets.
As the election draws nearer, the dynamics between Harris and Trump are evolving, with Polymarket showing increasing confidence in Harris’s candidacy. The upcoming town hall and her campaign’s engagement with the crypto community could further sway voter sentiment and influence betting trends as the race intensifies.
