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Reading: Polymarket Bettors Favor Kamala Harris Over Donald Trump
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Gulf Press > Business > Crypto > Polymarket Bettors Favor Kamala Harris Over Donald Trump
Crypto

Polymarket Bettors Favor Kamala Harris Over Donald Trump

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Last updated: 2024/10/01 at 4:56 PM
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In the latest figures from Polymarket’s 2024 Election Forecast, Kamala Harris leads Donald Trump by a narrow 1% margin, with 50% of the total vote compared to Trump’s 49%. The prediction market shows that 75% of participants predict Harris will win the popular vote, while only 24% believe Trump will emerge victorious. Harris’s lead has been attributed to her announcement of candidacy in July, following U.S. President Joe Biden’s withdrawal from the race, which propelled her forward in the prediction markets, especially over the summer.

Despite Harris maintaining her edge, Trump has managed to regain ground, in part due to his family’s newly launched cryptocurrency platform, World Liberty Financial. Trump’s stance on blockchain and cryptocurrency has resonated with voters, as he emphasized his intention to implement crypto-friendly regulations at the Bitcoin 2024 Conference in Nashville. He committed to having rules written by those who love the industry, rather than those who oppose it, and expressed plans to remove the current SEC Chair, Gary Gensler, criticizing the current approach to digital asset regulation during the launch of his family’s crypto project.

On the other hand, Harris has recently shown increased support for digital innovation after months of relative silence on the topic of cryptocurrencies. She has begun to push for safer, transparent business environments that foster technological advancement, saying, “We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.” With the election fast approaching, both Harris and Trump are addressing critical economic areas such as blockchain and digital currencies as the tight race between them continues.

In the Polymarket forecast, Kamala Harris leads Donald Trump by just 1%, with 50% of the total vote compared to Trump’s 49%. The prediction market indicates that 75% of participants predict Harris will win the popular vote, while only 24% believe Trump will be victorious. Harris’s lead has grown following her announcement of candidacy in July, after Joe Biden’s withdrawal from the race, which has propelled her forward in the prediction markets, especially during the summer months.

Amidst the tight race, Trump has been able to regain ground, largely due to his family’s newly launched cryptocurrency platform, World Liberty Financial. Trump’s stance on blockchain and cryptocurrency has resonated with voters, as he emphasized his intention to implement crypto-friendly regulations at the Bitcoin 2024 Conference in Nashville. He committed to having regulations written by those who support the industry and criticized the current approach to digital asset regulation, particularly targeting the current SEC Chair, Gary Gensler.

While Harris had been relatively silent on the topic of cryptocurrencies, she has recently ramped up her support for digital innovation. In Pittsburgh last week, Harris stated, “We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.” With the election approaching, both candidates continue to address critical economic areas such as blockchain and digital currencies as the close race between Harris and Trump persists.

Both Kamala Harris and Donald Trump are focusing on critical economic areas such as blockchain and digital currencies as the race between the two continues to tighten. In the Polymarket forecast, Harris currently leads Trump by a narrow 1% margin, with 50% of the total vote compared to Trump’s 49%. The prediction market shows that 75% of participants predict Harris will win the popular vote, while only 24% believe Trump will emerge victorious. Harris’s lead can be attributed to her announcement of candidacy in July, following U.S. President Joe Biden’s withdrawal from the race, which has propelled her forward in the prediction markets, particularly over the summer.

Despite Harris maintaining her edge, Trump has managed to regain ground, partly due to his family’s newly launched cryptocurrency platform, World Liberty Financial. Trump’s stance on blockchain and cryptocurrency has resonated with voters, as he emphasized his intention to implement crypto-friendly regulations at the Bitcoin 2024 Conference in Nashville. He pledged to have rules written by supporters of the industry and criticized the current approach to digital asset regulation, specifically targeting the SEC Chair, Gary Gensler. As the election approaches, both Harris and Trump continue to address key economic areas like blockchain and digital currencies in their campaigns.

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News Room October 1, 2024
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