The odds of Kamala Harris winning the U.S. presidential election have risen to 50%, while Donald Trump’s chances of winning hover around 49% on the decentralized prediction market platform, Polymarket.
Following Tuesday’s (September 10) presidential debate between Donald Trump and Kamala Harris, Democrat nominee Harris overtook the former President as the favorite to become the next President of the US.
Trump’s ‘Underwhelming’ Performance At Tuesday’s Debate Has Led To Harris Becoming The Betting Favourite
The presidential debate between the two candidates turned into a ‘sell-the-news’ event, due to neither candidate making any mention Bitcoin or the digital asset industry. Trump’s performance was also deemed underwhelming by many, which further encouraged a risk-off sentiment toward the markets.
Although neither candidate mentioned crypto during the debate, it has played a significant part in the election campaign so far. It has been reported that Harris’ team has begun reaching out to significant players within the crypto industry. Meanwhile, her rival Trump has made Bitcoin a large part of his campaign thus far, even speaking at the recent Bitcoin 2024 Conference in Nashville, Tennessee.
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Polls From YouGov & CNN Show That Many Believe Kamala Outshone Trump In The Debate
CNN polls just came out and @KamalaHarris won the debate by a lot . This is is far better and resounding debate and she brought her prosecutors skill pic.twitter.com/sNrIneoEvs
— BigMayor (@TheBigMayor) September 11, 2024
The Polymarket odds are in line with data from multiple election polls regarding the debate’s performance. Many early polls indicate that Harris won the presidential debate. A YouGov survey of over 2,000 registered voters found that 54% believed Harris won, while 31% had Trump winning. In a poll carried out by CNN, 63% of debate watchers said that Harris had the better performance.
Another Polymarket prediction market, named “Who will win the debate according to polls” Harris’ chances of winning were at 73% around the time of the debate and have since risen to 99%. Nearly $1.4 million in wagers were placed on that particular market.
The US election results remain the largest prediction market on Polymarket. The most notable ‘Presidential Election Winner 2024; market has already amassed over $895 million in volume.
There are many smaller markets with the election as the topic, all with millions of dollars in volume. This means that as a whole, the US Election volume on Polymarket stands at well over $1 billion.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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