Kamala Harris Leading by 1% Over Donald Trump on Polymarket

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Julia Smith

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Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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Last updated:

October 1, 2024 12:29 EDT

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Kamala Harris leads Donald Trump by a narrow 1% margin, according to the latest figures from Polymarket’s 2024 Election Forecast on Tuesday.

The prediction market shows Harris with 50% of the total vote, while Trump closely follows with 49%.

Polymarket Betters Favor Kamala Harris

The current Polymarket forecast indicates that 75% of participants predict Harris will win the popular vote, while only 24% believe Trump will emerge victorious.

Harris’s lead comes after her announcement of candidacy in July, following U.S. President Joe Biden’s withdrawal from the race.

This has propelled her forward in the prediction markets, especially over the summer.

While Harris maintains her edge, Trump has managed to regain ground, thanks in part to his family’s newly launched cryptocurrency platform, World Liberty Financial.

Donald Trump Plays the Crypto Card

Trump’s stance on blockchain and cryptocurrency has resonated with voters.

Over the summer, he emphasized his intention to implement crypto-friendly regulations at the Bitcoin 2024 Conference in Nashville.

“We will have regulations, but from now on, the rules will be written by the people who love your industry, not hate your industry,” Trump said.

He also committed to removing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, criticizing the current approach to digital asset regulation during the launch of his family’s crypto project earlier this month.

“If for some reason bad, bad things happen and we don’t win the election, those people that were under investigation and that are free as a bird right now, people that were being looked at in the crypto world, they will be living in hell because it will start the day after the election if they win,” he said.

Kamala Harris Takes Lead in Prediction Markets

Harris, meanwhile, has recently ramped up her 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.

Speaking in Pittsburgh last week, Harris said, “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, the tight race between Harris and Trump continues, with both addressing critical economic areas such as blockchain and digital currencies.