Key Points
- Democratic presidential candidate has seen increased support on Polymarket following her pro-crypto campaign.
- Her odds of winning the 2024 U.S. elections have surpassed those of Donald Trump, reaching a 50% chance.
The presidential candidate from the Democratic party has seen a surge in support on the prediction market platform, Polymarket, following her recent pro-crypto campaign.
Crypto for Harris
A lobby group supporting U.S. Vice President Kamala Harris, known as “Crypto for Harris”, is set to host a virtual town hall meeting. This move is seen as a direct challenge to former U.S. President Donald Trump’s influence within the cryptocurrency sphere. The date for this meeting is yet to be confirmed, but reports suggest it will be held next week.
The event will reportedly feature speakers such as pro-Bitcoin (BTC) billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and some Democratic members of the House of Representatives. The advocacy group has also extended invitations to top Democratic Senate leaders to promote the Harris campaign.
Increased Support for Harris
Last month, Trump, the former U.S. president and Republican presidential runner, received significant attention from the crypto community for his support of the digital asset space and his hint towards creating a national BTC reserve at the Bitcoin 2024 conference in Nashville.
Despite this, the recent pro-crypto actions taken by the Democratic candidate have seen her gain substantial support from the cryptocurrency ecosystem. Data from Polymarket shows that bettors have increased their stakes in Harris’ chance of winning the 2024 U.S. elections this November. Her odds of winning now surpass Trump’s, standing at a 50% chance.
Trump’s chance of winning has seen a decline, falling from 53% on Aug. 6 to 49% at the time of writing. The total amount of bets placed on the U.S. elections on Polymarket has reached $547 million.
On Aug. 6, the Democratic presidential candidate selected Minnesota Governor Tim Walz as a potential vice presidential pick. This decision saw an immediate increase in Harris’ odds of winning by 3%, reaching 46% on Polymarket on the same day.
