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On Polymarket, a decentralized prediction platform, former President Donald Trump is currently leading Vice President Kamala Harris by 10 points in the odds for the 2024 U.S. presidential election. Trump has a 55% chance of winning compared to Harris’ 45%, reversing Harris’ earlier lead in several key swing states, including Arizona, Georgia, Michigan, and Pennsylvania.
This shift comes despite Harris being favored by a 72% margin to win the popular vote. While Trump is gaining momentum on Polymarket, CNBC’s Jim Cramer has predicted that Harris will win, though this has sparked reactions tied to the “inverse Cramer effect,” where Cramer’s predictions are often seen as having the opposite outcome.
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Trump’s recent moves to appeal to the crypto community, including making a public Bitcoin purchase and launching a decentralized finance project, have garnered mixed reactions. Some believe this could hurt his campaign if the project faces security issues, while others think the election results will not significantly impact the price or adoption of cryptocurrencies. Dan Tapiero of 10T Holdings, for example, has predicted that Bitcoin will reach $100,000 regardless of the election’s outcome.
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