US Vice President Kamala Harris' odds of winning the upcoming presidential election surpassed those of Donald Trump on Polymarket, a decentralized prediction market platform, over the weekend.
Harris' odds of winning the November election rose to 52% on Polymarket today, while Trump's chances of winning fell to 45% from 70% in mid-July. Harris reversed Trump's odds of winning on Saturday.
The US election outcome remains the largest prediction market on the platform, with trading volume now reaching over $574 million.
Harris' team has begun reaching out to the crypto industry as cryptocurrencies have become part of election discussions over the past few months, and her crypto-friendly opponent, Trump, has repeatedly reaffirmed his support for bitcoin.
Harris and her deputy, Tim Walz, have yet to publicly express their views on crypto. According to AARP, the state of Minnesota enacted legislation to strengthen regulation of cryptocurrency kiosks during Walz’s time as governor.
The Crypto4Harris organization is scheduled to host a meetup on Wednesday. Several crypto industry leaders, including Crypto Council for Innovation CEO Sheila Warren and billionaire Mark Cuban, will speak.
“Crypto is building a movement behind Kamala Harris,” Crypto4Harris wrote in a post on X. “A group of industry leaders, policy experts, and everyday crypto enthusiasts are organizing to support Harris while pushing a nuanced policy stance that positions the U.S. as a leader in digital assets.”
Last week, Republican presidential candidate Donald Trump said the US should not sell its Bitcoin. “That’s something they shouldn’t do because they should be trying to build it,” Trump said in an interview with Adin Ross. “If we don’t do it, China is doing it, and other places are doing it, and they’re doing it anyway.”
Elon Musk is scheduled to have a live chat with Trump on X at 7:00 a.m. Tuesday, Musk announced.
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