Donald Trump’s odds of winning the 2024 US presidential election look higher than ever. On decentralized prediction platform Polymarket, Trump leads Kamala Harris by 16%. With his pro-crypto stance and involvement in decentralized finance (DeFi), Trump’s popularity is growing rapidly, especially among cryptocurrency enthusiasts. So, what’s really behind this surge? And could this be a sign of things to come?
Trump vs. Harris: An unexpected lead
At the beginning of this week, Trump's odds on Polymarket began to rise, and his chances of winning are currently 58.3%, while Harris's chances of winning are only 41.5%. The amount of bets related to the US election is huge, reaching 1.9 billion US dollars. On October 3, Kamala Harris and Donald Trump's odds of winning were 49.7 and 49.5 respectively.
However, it is worth noting that these predictions are just the tip of the iceberg of public opinion, and the national polls are not the case. However, according to the website data, Harris is leading by 2%, while Harris's chances of winning are 48.5% and Trump's chances of winning are 46.1%. People can't help but ask, are users of the long market biased towards Trump? Experts say that because real money is involved, people are betting on actual results.
Cryptocurrency’s role in Trump’s popularity
Trump has started gaining a lot of support and fan following since he started supporting cryptocurrencies. His support for the recently launched World Free Finance (WLFI) has earned him favor among crypto investors. The project has sold around 710 million tokens and raised $10 million in funding. This success may have improved his odds on Polymarket to some extent. The Republican candidate has been outspoken about Bitcoin and wants to create a nurturing environment for cryptocurrencies in the United States, which has brought huge support to crypto people.
expect
The real outcome of this race between Trump and Harris will be known in 19 days. As this day approaches, the market is full of excitement. The competition between the two presidential candidates is very fierce. While Trump has strong support from cryptocurrency people, Harris focuses on regulation and minority investors.
