US Election: Will The Odds Turn Against Donald Trump As Putin Endorses Harris?

As the U.S. presidential election approaches, Donald Trump has surged ahead of Kamala Harris by 7% points on Polymarket, a decentralized prediction platform, marking the largest lead since August 22. This development coincides with Russian President Vladimir Putin’s public endorsement of Harris, adding a complex layer to the electoral dynamics as global attention focuses on these contrasting endorsements.

Could Putin’s Endorsement of Harris Shift the Odds Against Donald Trump?

The gap between Donald Trump and Kamala Harris on Polymarket data has widened significantly, with Trump now holding a 53% likelihood of winning compared to Harris’s 46%. This shift in odds represents the largest margin since a brief parity on August 22. 

However, there is discrepancy between decentralized prediction market trends and national polls, which currently show Harris with a slight lead.

In addition to the national overview, swing state analysis reveals that Trump leads in Arizona, Georgia, Nevada, and Pennsylvania. Conversely, Harris holds the advantage in Michigan and Wisconsin, underscoring the fragmented electoral landscape. 

Global Perspectives and Electoral Influence

Despite Trump lead, Russian President Vladimir Putin’s recent endorsement of Kamala Harris introduces an international dimension to the electoral narrative. During a session at the Eastern Economic Forum, Putin expressed a preference for Harris, following Joe Biden’s endorsement of his vice president. 

This statement from Putin contrasts sharply with his previously favorable stance towards Donald Trump during and after the 2016 election cycle.

Concurrently, the global reaction to Putin’s endorsement has been mixed, with some viewing it as mere political maneuvering, while others consider it a factor that could sway voter perceptions. The complexities of the endorsements has seen analysts discuss whether Putin’s support for Harris could indeed turn the odds against Donald Trump.

Additionally, American billionaire Mark Cuban has continued to back the Democratic Party presidential candidate stating that, “Kamala Harris isn’t Joe Biden”. He further noted that Harris administration has been way more open than the Obama administration or Trump in taxation policies.

Cryptocurrency and U.S. Election Campaigns

In the realm of digital finance, both candidates’ stances on cryptocurrency have become pivotal in their campaigns. Donald Trump, an increasingly pro-crypto figure, has promised significant changes to U.S. crypto policies if re-elected. 

His initiatives include halting the sale of U.S. Bitcoin holdings and creating a strategic Bitcoin reserve. On the other hand, Harris has yet to articulate a clear crypto policy, though her campaign hints at supportive measures for the digital asset industry. 

Earlier today, it was revealed that Kamala Harris has begun accepting crypto donations for her campaign via Coinbase Commerce, marking one of her initial steps in supporting the digital asset industry.

The contrasting approaches of Donald Trump and Harris to cryptocurrency regulation and innovation could impact the upcoming US Election. 

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.