Donald Trump has gained a bigger lead over Kamala Harris in a Polymarket poll as the 2024 US presidential election approaches.
Trump’s polymarket odds, which had been roughly flat until mid-August, have jumped several percentage points, with 53% of bettors backing Trump compared to 47% for Harris.
The change marks a return for Donald Trump, who had been at a disadvantage after Joe Biden announced he would not run for reelection, but now has a temporary advantage for the vice president.
Despite the increase to 53%, Trump’s chances of winning are still far below the 72% high predicted at the Bitcoin 2024 conference in Nashville, Texas in late July.
Trump and Cryptocurrency
According to Coinbase, Trump’s resurgence may be partly due to his perceived appeal among cryptocurrency investors, who are increasingly influential in this election.
His pro-crypto stance, including his pledge to support the Bitcoin (BTC) sector and blockchain initiatives, has resonated with crypto giants.
On August 27, Trump announced his fourth NFT collection, “Series 4: America First Collection,” which features digital trading cards via Bitcoin Ordinals. Two days later, he announced plans to make the U.S. the “Crypto Capital of the Earth” if re-elected, citing his initiative, World Liberty Financial.
Harris’ campaign, on the other hand, has struggled to maintain momentum among Polymarket users, especially since cryptocurrencies have been noticeably absent from discussions following major events like the Democratic National Convention.
During this election season, both parties have been appealing to the crypto crowd to appeal to the crypto community and their financial contributions. As a result, Polymarket election bettors have been quite excited, and things are expected to get even crazier as the election season approaches.