Kamala Harris’s odds of winning the US presidential election hits all time high on Polymarket. The US Vice President got a late but massive chance to go head to head with the Republican presidential nominee Donald Trump. Her odds of being elected as President stood at 54%.
Harris’s entry into the US election race has brought in a wide correction and fluctuation in the digital assets market as she stands before self-declared pro crypto candidate Donald Trump. A similar action can also be seen in the meme coins inspired by both candidates.
Kamala Harris gains big against Trump
According to the data provided by Polymarket, Kamala Harris’s odds of winning the US presidential election soared to 54%, marking a 10% lead over Trump. Despite trailing, former president has over $75.6 million in bets on his return to the White House, while Harris follows the tally with $66.5 million.
Donald Trump’s chance stood at 72% after the first Presidential debate against Biden, the numbers have taken a drastic turn now. His odds dropped from 72% to 44%. However, Trump’s odds plummeted after he avoided discussing Bitcoin or crypto in a recent interview with Elon Musk.
On the other hand, support for Harris has surged after top Democrats, including Chuck Schumer, backed crypto at the recent Crypto4Harris event.
Is it Crypto4Harris magic?
On Wednesday, Crypto4Harris, held its first virtual meeting to discuss supporting Harris’s electoral campaign while advocating for an end to the Biden administration’s crackdown on the crypto industry.
Mark Cuban, Anthony Scaramucci, and Adam Schiff are pushing Kamala Harris to reset Democratic policy on digital assets. The Crypto4Harris group has begun its campaign and Senate Majority Leader Chuck Schumer supports passing a crypto bill this year. This signals a shift in Democrat strategy.
The group is now gearing up for nationwide fundraising events in September. It is aiming to reshape Harris’ approach to crypto. Early talks are underway with the Harris campaign, with plans to suggest crypto-friendly regulators for the US Securities and Exchange Commission (SEC) if she wins.
The group is advocating for a nonpartisan stance on digital assets, moving away from Republican nominee Donald Trump’s promises. As Harris gains in polls, the crypto industry is hedging its bets.
The biggest crypto, Bitcoin, recorded continued volatility over one month as its price went to trade near $70,000 amid the anticipation of Donald Trump speaking at the Bitcoin conference. Recently, BTC dipped to trade below the $49,000 zone, depicting high fluctuation in the market. Bitcoin price has dropped by 7% in the last 30 days. It is trading at an average price of $58,562, at press time.
Source: https://www.cryptopolitan.com/kamala-harris-leads-over-trump-polymarket/