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Harris Tops Trump in Polymarket’s $572M Prediction Market for Next US President: Who Will Win in 2024?

By:Y, Yukie
Last updated:08/12/2024
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Harris Tops Trump in Polymarket's $572M Prediction Market for Next US President: Who Will Win in 2024?

As the 2024 U.S. presidential election looms, candidate odds are undergoing significant changes. According to Polymarket, a cutting-edge decentralized prediction market, Vice President Kamala Harris has recently emerged as a frontrunner, surpassing former President Donald Trump in the race. This notable shift has ignited widespread curiosity and debate about the candidates’ electoral approaches and policies. Keep up with the latest election odds and insights as we track this fascinating political race.


Harris’ Odds Surge Upwards

The odds of U.S. Vice President Kamala Harris winning the upcoming presidential election have surpassed those of Donald Trump on Polymarket, a decentralized prediction market platform. Over the weekend, Harris’s chances of victory in November increased to 52%, whereas Trump’s election odds dipped to 46%, a significant drop from 70% in mid-July. This shift in the prediction market occurred on Saturday, when Harris overturned Trump’s lead. With a current trading volume exceeding $572 million, the U.S. election outcomes remain the hottest prediction market on Polymarket, reflecting the intense interest and speculation surrounding the upcoming political race.


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Harris’ Engagement with the Crypto Industry

Harris’s team has begun engaging with the crypto industry, reflecting the growing prominence of cryptocurrency in election discussions.

Over the past few months, her pro-crypto opponent Trump has repeatedly voiced his support for Bitcoin. While Harris and her running mate Tim Walz have not publicly commented on crypto yet, it’s noteworthy that during Walz’s time as Minnesota’s governor, the state passed laws to enhance the regulation of cryptocurrency kiosks. This Wednesday, the grassroots organization Crypto4Harris is slated to host a town hall meeting featuring notable crypto industry figures such as Sheila Warren, CEO of the Crypto Council for Innovation, and billionaire Mark Cuban.
In an X post, Crypto4Harris declared, “Crypto is building a movement to support Kamala Harris,” highlighting the industry’s emerging role in political advocacy.
A group of industry titans, policy gurus, and crypto aficionados are rallying behind Harris, advocating for a refined policy approach that would propel America to the forefront of the digital asset revolution.
Last week, Donald Trump, the Republican presidential hopeful, emphasized in an interview with Adin Ross that the U.S. shouldn’t offload its cryptocurrency. “We should be fostering it, not selling it,” Trump emphasized. “If we hesitate, China and others will seize the opportunity, and they’re already making moves.” Elon Musk has announced a live discussion with Trump on X, scheduled for Monday at 8:00 p.m. ET, promising an insightful exchange on this evolving landscape.

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