On Monday, better on Polymarket, a decentralized prediction market platform, lowered the odds of U.S. Vice President Kamala Harris winning the upcoming presidential election to 47%, while Donald Trump’s odds of winning remained at around 50%.

The market saw Trump’s odds of winning surpass Harris’ chances after they reached a tie at one stage on August 26. Before that, Harris had taken the lead over Trump nearly two weeks earlier this month.

The U.S. election results remained the biggest prediction market on the platform, with its volume currently reaching about $777 million.

Last week, Trump launched his fourth NFT trading card series, "Series 4: The America First Collection," which has logged sales of over $2 million. Trump also teased World Liberty Financial, a crypto project two of his sons created. It remains unclear how the project would involve Trump and what services it plans to offer.

Start your day with the most influential events and analysis

happening across the digital asset ecosystem.

At the July Bitcoin conference, Trump promised to fire Securities and Exchange Commission Chair Gary Gensler if elected in November. He also said he’d stop the U.S. from selling its bitcoin holdings and create a “strategic bitcoin reserve.”

Meanwhile, Harris has yet to address crypto directly, but her campaign adviser has said that Harris plans to support measures to help the digital asset industry grow.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

#crypto2023A