Trump or Harris? Crypto Can’t Decide as Polymarket Bets Flip-Flop

• Donald Trump and Kamala Harris are still neck and neck in the presidential election bets.
• Winning odds have again switched among the two candidates.
• Recent developments promise a slight edge for one of the two.

The upcoming United States Presidential elections have continued to make buzz across the industry, with growing speculation about which candidate is best suited for the soon-to-be-open White House. While Donald Trump, the self-proclaimed “crypto president,” has enjoyed industry support for a long while, Democratic candidate Kamala Harris has recently begun to challenge his dominance .

As the race heats up, Trump and Harris’s winning odds continue to shift on prediction platforms.

Trump and Harris Flip Polymarket Odds

The ongoing ‘2024 Election Forecast’ on the Polygon-based prediction platform Polymarket has once again shifted. According to the platform’s data on Monday, August 26, 2024, Donald Trump has taken the lead in the odds to win the November elections, leading Harris by 50% to 49%. 

While only slight, the numbers represent a shift from the previous equal 49% tie between the two. The numbers also boost the ongoing recovery in Trump’s chances, which had recently dropped from a high of 70% to a low of 44%.

Source: Polymarket

In contrast, the present numbers mark a decline in Harris’ odds, which previously soared above Trump by a 10% margin. The increase in Harri’s chances was in direct response to the increase in industry-focused efforts from the Vice President’s campaign, seeking to establish a strong foothold within the industry.

As Trump leads Harris in the odds, a new factor may further fuel his prospects.

Does Trump Now Have an Edge Over Harris?

Recent developments in the ongoing campaigns have hinted at a positively shifting tide for Donald Trump. On Friday, August 24, 2024, Presidential hopeful Robert F. Kennedy Jr. announced his exit from the race .

However, the former candidate bid goodbye with a surprising twist, endorsing Trump as a worthy candidate for the presidency. 

The recent endorsement has raised speculation that Trump could enjoy a significant campaign boost. This is centered on the possibility of Kennedy’s supporters shifting their allegiance to Trump, potentially strengthening his position and giving him an edge over Harris.

On the Flipside

• The authenticity of Donald Trump’s support for crypto and Kamala Harris’s increasing pro-industry efforts is still debated across the industry.
• Trump’s sons, Eric and Donald Trump Jr, have recently started advocating for an upcoming crypto venture.
• Some individuals have condemned RFK Jr’s endorsement of Donald Trump.

Why This Matters

As the November presidential elections approach, tensions are rising over the potential winner, particularly with the industry’s future hinging on the election of a genuinely pro-crypto government.

For more about the shifting winning odds for both Donald Trump and Kamala Harris, read this article:
Trump vs. Harris Odds Shift as Polymarket Bets Tie Up

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