The latest Polymarket odds indicate that Vice President Kamala Harris holds a slight lead in the race for the 2024 U.S presidential elections, surpassing Donald Trump with 50% to his 49%.
Impact of the Presidential Debate
Donald Trump had been leading Polymarket’s odds for several days. However, a significant shift occurred on September 10 during the first presidential debate between him and Harris. The debate covered a range of topics, from the economy to immigration. Notably, cryptocurrencies were not discussed despite high anticipation from the crypto community. Trump's performance in the debate was considered underwhelming, with 99% of voters on the Polymarket platform favoring Harris. Before the debate, Trump led with 53% of the projected votes, while Harris trailed at 45%. After the debate, the race tightened significantly, with both candidates at 49%.
Trump’s Efforts to Improve Odds
To boost his presidential odds, Donald Trump announced plans on September 12 to launch World Liberty Financial (WLF) on a live platform. The project, led by his sons, aims to embrace the future with crypto and leave the slow and outdated big banks behind. However, the response to this plan was lukewarm, even from the crypto community. In the past, Trump had hinted that WLF would be a decentralized finance (DeFi) platform for borrowing and lending. He has notably engaged with the crypto community, participating in Bitcoin conferences, accepting crypto donations, hosting NFT-themed dinners, and launching Bitcoin-related merchandise. Despite his underwhelming debate performance, many in the crypto space still support him for U.S President. There is a possibility that Trump could regain the top spot on the Polymarket charts once WLF goes live. However, recent criticism of the WLF initiative has raised concerns, particularly about potential conflicts of interest if he wins another term.
Kamala Harris's odds of winning the presidential election stand at 50% according to Polymarket, slightly ahead of Donald Trump's 49%. The outcome of this race remains uncertain, especially considering the ongoing developments and breakthroughs from both candidates.
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