Kamala Harris Leads in 4 of 6 Key States, Polymarket Data
Date: 2024-09-23 Author: Gabriel Deangelo Categories: IN WORLD
As the 2024 election approaches, Vice President Kamala Harris has taken the lead in four of the six key states on Polymarket, including Wisconsin, Pennsylvania, Michigan, and most recently Nevada.
Harris has the widest lead in Michigan at 66%, followed by Wisconsin at 58%, while Pennsylvania and Nevada are the narrowest at 52% and 51%, respectively.
Harris’s odds of winning the 2024 election in the prediction market have reached 52%, up 5 points from Trump’s 47%.
Trump’s odds fall after debates and token launch
Former President Donald Trump dominated Polymarket betting early in the race. However, the gap has since narrowed significantly, and the race now reflects an even chance for both candidates.
Trump’s odds on the prediction platform dropped by 3% during the first debate with Harris due to his performance being perceived as weak. However, he recovered shortly after the televised event, tying the odds with Harris.
Trump also lost support among some cryptocurrency supporters after announcing the launch of a token for his decentralized finance project, World Liberty Financial. While some saw this as a positive development, other cryptocurrency supporters considered the token launch inappropriate and called it a scam.
Harris still has no clear position on cryptocurrency
Harris’s campaign unveiled its platform in early September 2024, but it did not include specific mentions of cryptocurrency. However, the Harris and Walz campaigns have had many proposals related to increased government spending, including bolstering social security programs, forgiving student debt, and providing $25,000 in down payment assistance for first-time home buyers.
Investors, speculators, and crypto industry executives are all actively participating in the current election cycle, seeking to support crypto-friendly candidates through public pressure, community engagement, and political donations.
Current market expectations are that a Trump presidency would be favorable for crypto prices, while a Harris presidency would be the opposite. However, Jeff Kendrick, head of digital assets at Standard Chartered, believes that Bitcoin will reach $200,000 by the end of 2025, regardless of the election outcome.
