Harris victory odds hit all-time excessive on Polymarket as her lead extends 10% over Trump

Vice President Kamala Harris’ odds of successful the US presidential election reached an all-time excessive at 54% on Polymarket, with the Democrat consultant now holding a ten% lead over former President Donald Trump.

However, Trump holds the most important quantity of bets, with over $75.6 million in money, believing that he’ll return for a second time period. In the meantime, bets on Harris quantity to $66.5 million.

Harris’ odds on Polymarket have been on the rise since many Democrat voices began exhibiting assist for crypto. Senate Majority Chief Chuck Schumer and different distinguished Democrats expressed robust assist for crypto in the course of the Crypto4Harris occasion on Aug. 14.

On the event, Schumer highlighted the significance of regulatory readability and bipartisan collaboration to form the business’s future. 

Alternatively, Trump’s odds are at their lowest degree since Apr. 25. In a current interview with Elon Musk, the Republican candidate didn’t point out or focus on crypto or Bitcoin, regardless of customers on Polymarket betting over $1.3 million on it. 

Favorable for crypto

Asset administration agency CoinShares not too long ago printed a report on the potential impacts of each Trump and Harris’ presidencies on the US.

Though Trump has expressed robust assist for the crypto business within the US, the fiscal conservatism proven throughout his time period as president might negatively impression the Bitcoin worth if it had been to be repeated.

The report highlighted:

“Total, Trump’s presidency might create a combined however doubtlessly advantageous panorama for Bitcoin.”

In the meantime, regardless of an unclear stance towards Bitcoin and the crypto market, Harris already reveals a extra balanced strategy to the business than the Biden administration.

Thus, though indicators counsel {that a} Trump presidential time period could be extra favorable to crypto than a Harris time period, CoinShares analysts imagine that this final result “stays to be seen.”

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