Trump Surpasses Harris in Polymarket Betting, Gaining 50.6% Odds for Victory

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Former U.S. President Donald Trump’s chances of winning the 2024 election have climbed to 50.6% on Polymarket, a decentralized prediction market platform, overtaking Vice President Kamala Harris, who holds 48.4%. The platform, where users can place real-money bets on future events, has seen stakes on Trump and Harris fluctuate since July when current President Joe Biden withdrew from the race.

Throughout September, Harris maintained a slight edge over Trump in Polymarket predictions, but in recent weeks, his odds have surged. However, Polymarket’s figures deviate from national polls by The New York Times, where Harris leads by 49%, and Trump follows closely at 47%.

Elon Musk Voices Support for Trump

Adding to the election’s unpredictability, Tesla CEO Elon Musk recently made his stance clear, attending Trump’s rally in Butler, Pennsylvania. Musk, sporting a “Make America Great Again” cap, declared Trump as the only candidate who could “preserve democracy in America,” according to an AP News report. Musk also noted on X that Polymarket predictions may be more reliable than traditional polls, as “actual money is on the line.”

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Trump’s rally in Butler, Pennsylvania, held significant symbolism, as it was the location where he survived an assassination attempt earlier in the campaign. Musk’s endorsement further fueled discussions around Trump’s rising odds and his appeal among prominent figures in the tech industry.

Crypto Becomes a Hot Election Topic

As the 2024 presidential race heats up, cryptocurrency has emerged as a pivotal issue. Trump has been vocal in his support for crypto, non-fungible tokens (NFTs), and decentralized finance (DeFi) throughout his campaign. In contrast, Kamala Harris only recently addressed the subject, stating she intends to promote growth in the digital asset space. However, Matt Hougan, Chief Investment Officer at Bitwise, warned that Harris brings “more uncertainty for crypto” despite her late entry into the discussion.

The U.S. presidential election is set for November 5, 2024, with the cryptocurrency world keeping a close eye on which candidate will shape the future of digital finance in America.