Former President Donald Trump leads on the DeFi prediction market Polymarket for the US upcoming election in November. The analysis indicated a 50% winning odds for Trump in the election.
However, the market’s analysis shows a 47% decline in Harris’s winning odds from its previous 50-50 stance against Trump. Polymarket is a decentralized prediction market that provides a platform for users to trade over outcomes of world events.
Currently, the US election results are the most significant prediction market on the platform, generating up to $777 million in volume.
Harris’ Election Winning Odds Slip To 47% on Polymarket DeFi Prediction Market
The decentralized prediction market Polymarket disclosed the latest forecasts on potential wins in the US presidential election. Two weeks ago, Harris was ahead of Trump. However, a 50-50 tie occurred on August 26 before Trump’s odds overtook Harris’s.
Based on the current report, the winning odds for Vice President Kamala Harris have dropped to 47%. This is a noticeable slip from the previous 50-50 stance against Donald Trump.
Kamala Harris became the Democratic presidential candidate after President Joe Biden stepped down from the race.
Donald Trump Achieves Significant Milestone in Crypto Industry
Republican candidate Trump has recently become a strong presence in the crypto space by actively engaging in several digital assets. Though previously an anti-cryptic person, Trump shifted his ideology to embrace digital assets as a pro-crypto candidate in his campaign.
Last week, he launched his fourth NFT collection, tagged: “Series 4: The America First Collection.” The latest NFT collection, which garnered over $2 million in sales just two days after launching, now boasts over 1,390 holders.
Also, Trump supported a new crypto project from his sons called “World Liberty Finance.” However, there is still no information regarding Trump’s level of involvement in the project or its mode of operation.
Excited to announce the launch of @WorldLibertyFi! A new era in finance is here. #Crypto #DeFi 🇺🇸🇺🇸🇺🇸
— Eric Trump (@EricTrump) August 28, 2024
In addition to new projects, Trump participated in the 2024 Bitcoin Conference in Nashville, pledging his support for crypto. During his speech, the Republican candidate promised to establish a more crypto-friendly environment in the US.
JUST IN: Yahoo Finance discusses Donald Trump speaking at the #Bitcoin 2024 Conference in Nashville.
"He's sees a good opportunity, and Bitcoin is the greatest opportunity for this country." 🇺🇸 pic.twitter.com/OS69Sd1N9c
— Bitcoin Magazine (@BitcoinMagazine) July 16, 2024
Trump noted that his first move after winning the election would be to displace the SEC Chair, Gary Gensler. This decision was due to Gensler’s stringent regulatory approaches to the crypto industry.
Further, the Republican indicated plans to reposition the country as a dominant and leading region in the digital asset space. He plans to introduce a Bitcoin-based reserve strategy and halt the US from disposing of its BTC holdings.
On the other hand, Harris has not given any direct discussion on cryptocurrency. However, her campaign adviser revealed that she supports the crypto industry with strategic measures to catalyze its continuous growth.
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