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Former U.S. President Donald Trumpâs chances of winning the 2024 election have climbed to 50.6% on Polymarket, a decentralized prediction market platform, overtaking Vice President Kamala Harris, who holds 48.4%. The platform, where users can place real-money bets on future events, has seen stakes on Trump and Harris fluctuate since July when current President Joe Biden withdrew from the race.
Throughout September, Harris maintained a slight edge over Trump in Polymarket predictions, but in recent weeks, his odds have surged. However, Polymarketâs figures deviate from national polls by The New York Times, where Harris leads by 49%, and Trump follows closely at 47%.
Elon Musk Voices Support for Trump
Adding to the electionâs unpredictability, Tesla CEO Elon Musk recently made his stance clear, attending Trumpâs rally in Butler, Pennsylvania. Musk, sporting a âMake America Great Againâ cap, declared Trump as the only candidate who could âpreserve democracy in America,â according to an AP News report. Musk also noted on X that Polymarket predictions may be more reliable than traditional polls, as âactual money is on the line.â
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Trumpâs rally in Butler, Pennsylvania, held significant symbolism, as it was the location where he survived an assassination attempt earlier in the campaign. Muskâs endorsement further fueled discussions around Trumpâs rising odds and his appeal among prominent figures in the tech industry.
Crypto Becomes a Hot Election Topic
As the 2024 presidential race heats up, cryptocurrency has emerged as a pivotal issue. Trump has been vocal in his support for crypto, non-fungible tokens (NFTs), and decentralized finance (DeFi) throughout his campaign. In contrast, Kamala Harris only recently addressed the subject, stating she intends to promote growth in the digital asset space. However, Matt Hougan, Chief Investment Officer at Bitwise, warned that Harris brings âmore uncertainty for cryptoâ despite her late entry into the discussion.
The U.S. presidential election is set for November 5, 2024, with the cryptocurrency world keeping a close eye on which candidate will shape the future of digital finance in America.
