Polymarket bets favor Harris over Trump for President with 50% odds

Democratic presidential nominee Kamala Harris has gained a lead over Republican candidate  Donald Trump in Polymarket bets. Based on the forecast, Harris has a 50% chance of winning, with a 3% increase, while Donald Trump has a 49% chance, with a 3% decrease.

Despite the falling odds, Bitcoin is stable on the daily charts after losing value on the weekly basis. Meanwhile, Harris and VP running mate Walz have not taken a stance on crypto publicly. 

Harris leads by 3% for President

Based on the Polymarket betting forecast, the current sentiment and betting odds favor Democratic Nominee Kamala Harris over Donald Trump.

The 2024 US Election is set to occur in November. In the early hours of August 8, the winning odds were equal at 49% for both candidates. During the time, Donald Trump Jr. also teased a crypto announcement on his X account. He stated ,

“We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future.”

While the post received some engagement, it failed to uplift the winning bets on Donald Trump who for once stood at 70% winning odds.

Kamala Harris named Minnesota Governor Tim Walz as the vice president’s running mate and now most polls place her in lead. SurveyUSA reportedly places the Democratic nominee ahead by 3 points (48%-45%), Morning Consult by 4 points (48%-44%), YouGov and CBS News by 1 point (50%-49%), and University of Massachusetts Amherst by 3 points (46%-43%).

Bitcoin stable at $57K despite falling Trump odds

Crypto commentators were of the view that the recent market crash was partially because of Trump’s falling odds of becoming President.

Crypto proponents place Trump as a friendly candidate for the sector. According to the StandWithCrypto campaign, Trump is dubbed A for being a ‘strong supporter.’ While Harris had no public stance, Fox Business reports that a pro-Harris advocacy group called ‘Crypto for Harris’ plans to host a virtual town hall meeting. Billionaires Mark Cuban and Anthony Scaramucci will reportedly be speakers at the event.

Meanwhile, Bitcoin, which has lost at least 11% over the last week, remains stable around the $57K price range at press time.