#Bloomberg will add Polymarket’s #election odds to its Terminal service, according to an August 29 update from Michael McDonough, Bloomberg’s chief economist.
This move underscores the rising role of prediction markets and Web3 technologies in traditional finance.
Polymarket, built on the Polygon blockchain, allows bets on various events and has seen August trading volumes near $450 million. Bloomberg’s Terminal will now feature Polymarket’s odds for the US presidential election, alongside other data sources like PredictIt.
Currently, nearly $760 million has been bet on the November 4 election, with Polymarket showing Donald Trump slightly ahead of Kamala Harris.
The platform faces competition from Drift Protocol’s BET platform, which recently surpassed Polymarket in daily trading volume. In August, Polymarket users accurately predicted that Robert F. Kennedy Jr. would exit the presidential race before September 2024.

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As the Presidential #election draws nearer, JD Vance has agreed to an October 1 debate with his Democratic rival Tim Walz.
The electioneering campaign in the United States is growing tougher with JD Vance, the VP Candidate running along Donald Trump agreeing to debate Kamala Harris’ Tim Walz. The conversations around the debate has been going on for a while. However, the latest update from the Republican VP Candidate affirms the schedule for both parties.
The JD Vance and Tim Walz Battle
As both rivals confirmed via their official X accounts, the debate will take place on October 1. The Trump’s running mate said he is not only agreeing to the October 1 showdown, he said he’s also looking forward to the September 18th debate as well.
Debates are not unheard of during election cycles, although they could bring a lot of controversies. In this case, Americans are yearning to hear their preferred candidates speak. The Kamala Harris’ camp are notably somewhat unwelcoming to debates according to critics. However, the conversation has started changing in recent times. Earlier this month, both US Presidential candidates agreed to a debate schedule, setting the tone for the post from JD Vance.
When Donald Trump Jr first challenged Kamala Harris to a debate on FOX News, the request met with a rejection. Beyond the president’s son, the Republican candidate questioned whether his Democrats opponent would accept any extended debate invitation or not. In his opinion, declining to attend would reflect her poor courage.
Noteworthy, Kamala Harris’s response was not an outright rejection. She suggested that the debate hold in some other place. Precisely, her campaign team noted that she preferred the initial arrangement at ABC News.
Democrats’ Latest Crypto Stance Raise Concerns
For now, Walz is looking forward to the debate as he has confirmed his attendance. The speculations now centers around the potential subject of the debate. With Trump and Harris, crypto is a major contention and this could happen with their running mates as well.
While nothing is known of Tim Walz per his crypto stance, JD Vance is an hardcore Bitcoin proponent. Some report has it that he has held BTC since 2021.
Americans are quite concerned about crypto under Kamala Harris’s leadership. Now that she is beginning to suggest that she is pro-crypto, Democrat voters are also getting curious. In a poll conducted from July 25 to August 1, 804 individuals who identified as Democrats showed concerns on the party’s crypto stance.

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potentially leading to prices between $92,000 and $100,000 before the end of 2024.

This is because Trump has repositioned himself as a pro-crypto candidate, promising to make the US a global crypto hub and appointing a pro-crypto SEC chair ¹.

His economic policies, characterized by deregulation and tax reductions, might also stimulate institutional investment and elevate Bitcoin's market value ¹.

On the other hand, a Harris victory may initially put downward pressure on prices, but could lead to a gradual bull trend, eventually pushing values past $102,000 ¹. Harris's regulatory approach is expected to bring clarity and stability to the market, potentially attracting more institutional investors ².

It's worth noting that the outcome of the election will significantly influence the cryptocurrency landscape, and the market is already seeing some volatility due to uncertainty ². Central banks' easing monetary policies have also played a role in driving Bitcoin prices upward ².

*Potential Price Ranges:*

- _Trump Victory:_ $92,000 to $105,000
- _Harris Victory:_ $52,000 to $72,000, with potential for a gradual bull trend past $102,000

*Key Factors to Watch:*

- _Regulatory Environment:_ Trump's pro-crypto stance vs. Harris's regulatory approach
- _Economic Policies:_ Trump's deregulation and tax reductions vs. Harris's potential for stricter regulations
- _Central Bank Policies:_ Easing monetary policies and their impact on Bitcoin prices

Remember, the election outcome is unpredictable, and we'll have to wait for the official results to see the definitive impact on the crypto market ¹ ².#KamalHaaris #donaldtrump #election #bitcoin☀️ #bitcoinnewsupdate $BTC