As an analyst with years of experience in political and financial markets, I find myself intrigued by the recent developments in the U.S. presidential race. The debate between former President Donald Trump and Vice President Kamala Harris has indeed shaken up the odds on Polymarket, with both candidates now tied at 49%.
After the September 10th debate between ex-U.S. President Donald Trump and Vice President Kamala Harris, the chances of both candidates have evened out on Polymarket.
The advantage Trump previously held over Harris of 5% in predictions on Polymarket has significantly decreased following their first debate. As per data from Polymarket, both candidates now have an equal chance of 49% to win in the upcoming U.S. elections.
Significantly, the previous U.S. president observed a surge in his odds to approximately 72% in July following the Bitcoin Conference held in Nashville.
The combined wagers placed on who will be the next U.S. President totals an impressive $860 million, according to Polymarket’s statistics. Notably, Trump continues to hold the top position with over $130 million in bets, while Harris comes closely behind with approximately $114 million.
Some analysts argue that Harris frequently provoked Trump into losing his composure, but Elon Musk, the multi-billionaire CEO of Tesla, contends that the hosts treated Trump unfairly.
Despite some concerns about the fairness of the debate hosts towards @realDonaldTrump, @KamalaHarris impressed many tonight. However, when it comes to actual action rather than just appealing words, I firmly believe that Trump will outperform in terms of getting things done. Following…
— Elon Musk (@elonmusk) September 11, 2024
Given that Kamala is capable of achieving remarkable feats, one might wonder why she hasn’t yet. Since President Biden often works less frequently, it seems that Kamala is effectively leading the administration at this point.
Elon Musk posted on X.
Some even mocked the fact-checking process of the debate hosts.
Pretty much how it went moderation fact checking wise
— The Rabbit Hole (@TheRabbitHole84) September 11, 2024
It’s worth mentioning that Trump is anticipated to appoint Musk to his cabinet, should he win the election.
Over the last day, the value of cryptocurrencies showed a downward trend after the discussion between Trump and Harris. As per CoinGecko’s data, the overall crypto market capitalization dropped by approximately 1.7% and now stands at around $2.07 trillion.
At the moment, Bitcoin (BTC) has dipped by 1%, with its current price standing at around $56,500. Meanwhile, Ethereum (ETH) has also seen a decline of approximately 1%, trading at approximately $2,330.
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2024-09-11 10:45