On Polymarket, a distributed prediction market platform, the likelihood of U.S. Vice President Kamala Harris winning the November presidential contest has returned to 50% and ties former U.S. President Donald Trump.
Polymarket estimates that Harris’s chances of winning improved over the weekend from roughly 46% last Thursday to attain equilibrium in the market with over $732 million bets. Two weeks before, the Democratic Party nominee had led over Trump, suggesting that the election prospects have stayed erratic this month.
On July 16, before current U.S. President Joe Biden’s departure and later support of Harris, Trump had earlier registered a majority of 72%.
While Harris led in Michigan and Wisconsin, Trump surpassed Harris in Georgia, Arizona, and Nevada in terms of Polymarket’s election odds among important swing states. Pennsylvania tied the two contenders.
Independent party candidate Robert F. Kennedy Jr. declared last Friday that he was suspending his campaign in the 2024 race and voiced support for Trump, with whom he has similar crypto-friendly opinions.
Throughout his campaign, Trump has claimed to be a crypto enthusiast and declared his support for a distributed finance initiative headed by two of his sons. Today, the initiative changed the name of their Telegram channel to “World Liberty Financial.” The Republican candidate had stated he pledged to stop an “unlawful and un-American crackdown” on the U.S. crypto sector.
Harris has not yet specifically expressed her support for the blockchain and crypto sector, although her top campaign adviser apparently claimed Harris intends to support policies helping the expansion of the digital asset sector.
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