Donald Trump and Kamala Harris Tie Up In Run For Presidency

Godfrey Benjamin
August 19, 2024
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Will Bitcoin Price Crash After US Elections?

Highlights

  • Former US President has seen his winning odds jump significantly on Polymarket
  • Vice President Harris is losing her ranking at a concerning pace
  • Crypto and other economic policies might decide the White House race

Polymarket, the decentralized prediction marketplace has seen Donald Trump and Kamala Harris hit a tie per the US Presidential election winning odds. The emergence of the VP Harris sent a positive sentiment to the community on her chances. Weeks ago, both candidates had a massive disparity in their winning chances with the Democrat leading.

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Donald Trump Pulls Stunning Comeback

According to data from Polymarket, the two top Presidential aspirants now have 49% chance of winning the election. While Trump’s odds jumped by 1% to hit the figure, the VP saw her chances fell by 1%.

It is worth noting that the Polymarket insight is speculative and always changing. The data comes from users’ perception on how the election will turnout. Based on the sentiment in the US political scene per time, the winning odds generally tend to change.

As of July 1, before President Joe Biden nominated Harris, his winning odds comes in at 19%. This contrasts sharply in relation to that of the Republican at 62%. The tides changed with the Democrat nominee’s odds jumping as high as 53% while that of the Donald Trump dropped to 44%.

The former President has recovered significantly amid the economic and patent backlash from personalities like Elon Musk. As the election day draws closer, many Americans have started picking their favorite candidate. The policies, media showing and social presence marks key channels of publicity boosting each candidate’s campaign awareness.

As Polymarket bettors generally follow sentiment to decide on how to align their bets, the coming debate between the key rivals might help draw the winning line. Notably, President Biden dropped out of the race after the first debate with Donald Trump, giving the Republican more leverage against the VP.

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The Crypto Consideration – Will Kamala Harris Match Up?

Before now, both Presidential aspirants have agreed to Debate schedules in the coming week. Besides the principal candidates, JD Vance and Tim Waltz have also agreed to debate on October 1.

There are many issues that might sway the odds in either candidates’ favor, making this debate crucial. One area many have resolved to rule out the Donald Trump rival is in the crypto policies. While the former President have named a pro-Bitcoin transition committee, some gestures from Kamala Harris shows the current administrations’ anti-crypto crackdown might continue if she wins.

Read More: Donald Trump Winning Odds Soar Against Kamala Harris, Here’s Why

 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.