As the 2024 election nears, Vice President Kamala Harris leads in 4 of 6 swing states, with her strongest showing in Michigan (66%).
As the 2024 election approaches, Vice President Kamala Harris has won 4 of the 6 swing states on Polymarket. These states include Wisconsin, Pennsylvania, Michigan, and Nevada, which she won most recently.
In Michigan, where her odds are 66%, the vice president’s lead is the strongest. Wisconsin follows with 58% odds, while Pennsylvania and Nevada have extremely narrow margins of 52% and 51%, respectively.
On the prediction market, Harris’ chances of winning the presidential election in 2024 have increased to 52%, while Trump’s odds have increased to 47%. This is a significant five-point lead for Harris.
During the early stages of the race, former President Trump was the most dominant player in the Polymarket betting odds. Despite this, the winning margins have shrunk significantly since then, and the race is now considered to be a draw between the two contenders.
During the first debate with Kamala Harris , Trump’s odds on the prediction platform dropped by as much as three percent due to what was regarded to be a terrible performance. However, Trump was able to recover quickly after the broadcast event, which resulted in the odds between Trump and Kamala Harris remaining tied.
Reportedly, the former President of the United States announced a token launch for his decentralized finance firm, World Liberty Financial, which resulted in the Republican candidate for the 2024 election losing support from a fraction of cryptocurrency voters.
Despite the fact that some people regarded the event as favorable and stated that it did not impact their vote, others who supported cryptocurrency regarded the token launch as deplorable and referred to it as a swindle.
However, the extensive policy blueprint that Harris’ team issued did not include any reference to cryptocurrency. The team revealed the policy platform at the beginning of September 2024.
On the other hand, the Harris-Walz presidential campaign featured a number of policy suggestions that would end up increasing the amount of money that the government spends. These proposals included bolstering social security and entitlement programs, providing relief from student loan debt, and providing first-time homebuyers with aid for a down payment of $25,000.
Investors, speculators, and executives from the cryptocurrency business have been actively participating in this election season. Through public pressure campaigns, community engagement, and political donations, they aim to support politicians perceived as pro-cryptocurrency.
According to current market attitudes, a Trump presidency would be beneficial to cryptocurrency values, whereas a Kamala Harris presidency would be detrimental to cryptocurrency prices.
In spite of this, Geoff Kendrick, who is the global head of digital assets research at Standard Chartered, a multinational financial institution, is of the opinion that the price of Bitcoin will reach $200,000 by the end of the year 2025, regardless of the presidential election results.
