Kamala Harris Extends Lead On Polymarket, Is Crypto Support Shifting? 

The presidential showdown between Kamala Harris and Donald Trump has fueled market discussions, with the VP’s winning odds now outpacing the former President’s. According to recent data, the winning chance of the US Vice President has soared to 52%. This sudden buzz has taken the broader market, including the crypto sector, by storm, especially ahead of the Crypto4Harris town hall meeting next week.

Kamala Harris Beats Donald Trump’s Winning Odds In President Race

Kamala Harris took the lead against the former US president this week. According to the latest Polymarket data, the former is now leading with a winning odds of 52%, surpassing Donald Trump’s chance of just 46%. The recent change, after Trump’s continuing domination in the prediction markets, has fueled discussions amid a recent buzz in the US political landscape.

Meanwhile, this development follows the US VP’s crypto “reset” trend, which indicates that she is trying to mend relations with the cryptocurrency industry. In addition, it also comes ahead of the Crypto4Harris town hall meeting, scheduled for next week.

Prominent crypto figures like billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and other democratic House Representatives are expected to speak at the event. On the other hand, the recent virtual meeting of the White House officials with the crypto representatives further hints at Harris’s turning focus on the digital assets sector.

Having said that, many are speculating if the crypto voters are shifting their focus toward the democratic candidate. However, it’s worth noting that despite the recent shifting reports, some crypto market experts like the Winklevoss twins and Charles Hoskinson have continued to target the US Vice President.

Crypto Market Reaction

The US Fed’s enforcement action on Customers Bank, a crypto-friendly institution, has raised concerns about Kamala Harris’ intention to mend relations with the cryptocurrency industry. Tyler Winklevoss highlighted the Fed’s control over banking services for crypto companies, limiting their ability to operate.

In addition, Cardano founder Charles Hoskinson accused the Biden-Harris administration of waging a “war on crypto.” Hoskinson warned that voting for Harris would impact the US crypto industry, hinting that she would continue the current administration’s anti-crypto stance.

Simultaneously, the Winklevoss twins also questioned the existence of Crypto4Harris, a support group for the US VP’s crypto policies, when her position on crypto remains unclear. The controversy has sparked speculation about Harris’ true intentions and her campaign’s connections to the crypto industry.

On the other hand, Donald Trump’s recent pro-crypto stance has gained notable appreciation from the crypto sector. Having said that, it is unclear if crypto is the only factor at play behind the recent surge in the US Vice President’s winning odds on the prediction market. However, the crypto market enthusiasts eagerly await the upcoming Crypto4Harris town hall meeting next week.

Also Read: Elon Musk Spotlights Google & OpenAI Bias On Trump Vs Harris Saga

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.