Donald Trump has widened his lead over Kamala Harris on Polymarket as the 2024 US presidential election approaches.
After a period of near parity in mid-August, Trump’s odds on Polymarket have increased several percentage points, with 53% of bettors in his favor compared to 47% for Harris.
This change marks a return for Donald Trumpwhose odds dropped after Joe Biden announced he would not seek re-election, resulting in a increase for the current Vice President.
Despite the surge to 53%, Trump’s chances are much smaller than the peak of 72% that followed. The Bitcoin 2024 Conference at the end of July in Nashville, Texas.
Trump and cryptocurrencies
Trump’s resurgence can be attributed in part to his strong appeal Among cryptocurrency investors, an increasingly influential demographic in this election, according to Coinbase.
His pro-crypto stance, including Promises to support Bitcoin (Bitcoin) The blockchain sector and initiatives have resonated with cryptocurrency heavyweights.
On August 27, Trump announced announced its fourth NFT collection, “Series 4: The America First Collection,” offering digital trading cards via Bitcoin Ordinals. Two days later, announced plans to make the United States the “crypto capital of the planet” if re-elected, referring to his initiative, World Liberty Financial.
On the other hand, Harris’ campaign has struggled to maintain momentum among Polymarket users, particularly after key events like the Democratic National Convention, where cryptocurrencies were Noticeably absent of the speech.
During this election season, Both parties have attended for the cryptocurrency community, with the goal of attracting the cryptocurrency community and their financial contributions. As a result, Polymarket election stakers have been on a roll and things are expected to get crazier as the election season approaches.
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