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Harris Overtakes Trump on Crypto Prediction Platform Polymarket, odds surge to 52%

POSTED ON August 12, 2024 •   Business      BY Abiodun Saheed Omodara
Kamala Harris, Flagbearer of Democratic Party

Kamala Harris, the flagbearer of the Democratic party in the upcoming United States elections has surpassed Donald Trump on Polymarket, Crypto’s biggest prediction platform.  

Kamala Harris odds to win the November elections surged to 52% on Polymarket while Donald Trump’s odd dropped to 46% from 70% in mid-July.  

This follows various online polls placing Kamala Harris slightly ahead of Donald Trump in a sharp turnaround of events since Joe Biden resigned from the race.  

Polymarket reported recent developments on its platform, including an infographic showing various US states turning blue. Polymarket tweeted that Kamala Harris has a 6% lead over Trump. 

The US election result is currently the biggest prediction market on Polymarket, with a volume of $572 million.

The Kamala Harris team is reportedly reaching out to crypto entities, while Donald Trump has been vocal about his support for Bitcoin. 

A grassroots organization named Crypto4Harris aims to promote Kamala Harris in the crypto industry and will hold a town hall meeting on Wednesday, with influential figures in the crypto industry expected to attend.

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