As a seasoned researcher with a penchant for politics and a keen interest in the burgeoning crypto space, I find myself intrigued by these recent developments. The growing support for Vice President Kamala Harris among bettors on Polymarket, coupled with her pro-crypto campaign, suggests a potential shift in the political landscape.
On the prediction market platform Polymarket, people are placing more bets on the Democratic presidential candidate after she announced her pro-cryptocurrency stance.
According to Fox Business, a pro-cryptocurrency advocacy group called “Crypto for Harris” associated with U.S. Vice President Kamala Harris has arranged a virtual gathering, aiming to counteract Donald Trump’s impact in the realm of digital currencies.
The date hasn’t been confirmed yet, but the report claims the meeting will be held next week.
According to the latest news, certain Democratic representatives in the U.S. House, as well as influential Bitcoin backers such as business tycoon Mark Cuban and Anthony Scaramucci (founder of SkyBridge Capital), are scheduled to address the upcoming event.
Additionally, it’s been reported by Fox Business that the advocacy group has extended invitations to high-ranking Democrats in the Senate to support the Harris campaign.
During the past month, Donald Trump, a previous U.S. president and potential Republican candidate for presidency once more, attracted significant interest within the crypto community when he expressed support for digital assets and suggested the possibility of establishing a national Bitcoin reserve at the Bitcoin 2024 conference in Nashville.
Consequently, the Democratic candidate’s latest pro-crypto stances have earned her backing from the cryptocurrency community.
As a crypto investor keeping an eye on political events, I’ve noticed some intriguing trends based on data from Polymarket. Bettors have been ramping up their wagers on Kamala Harris’ chances of winning the 2024 U.S. elections this November. At present, her odds of clinching the elections have exceeded those of Donald Trump, standing at a significant 50%.
The data indicates a drop in Trump’s likelihood of victory, from 53% on August 6th, down to 49% as of now.
So far, the total amount of bets on the U.S. elections has reached $547 million on Polymarket.
On August 6th, the Democratic nominee for president indicated Minnesota Governor Tim Walz as a possible choice for the vice presidency. This decision boosted Harris’ chances of victory to approximately 46%, according to Polymarket, marking an increase of 3%.
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2024-08-08 11:56