The post Kamala Flips Trump on Polymarket As Dems Open Up To Crypto appeared on BitcoinEthereumNews.com.

Harris leads Trump by 10 points. Democratic presidential candidate Kamala Harris is leading the polls on prediction market Polymarket against her Republican contender Donald Trump by 10 points. Over $600 million have been wagered on the upcoming Nov. 5 election in the U.S., with 54% of bets placed for Kamala Harris. Trump, who held the lead for months against President Joe Biden, trails Harris with 44% of the preferences. Flipping Trump by a 10-point margin less than a month after Biden stepped down as the presidential candidate for the Democrats is impressive. On July 17, as Polymarket saw a record $116 million wagered during the first month of July, Trump surged ahead, favored by 69% of bettors, while Biden’s odds stagnated at 18%. Polymarket However, other polls placed Harris and Trump in a much closer vicinity. According to FiveThirtyEight, Harris is ahead of Trump by less than three percentage points, 46.2% versus 43.5%. Democrats Warm Up To Crypto Years of aggressive anti-crypto policies pushed by Democrats including Elizabeth Warren could mean Harris’s lead is bad news for crypto. But there are signs that the tide is turning, triggered in part by Trump. After Trump embraced digital assets, Democrats had no choice but to open up to conversations with leaders and enthusiasts of the crypto industry. That said, Harris has been reluctant to state her position on crypto, raising concerns that her administration will be equally hostile to the industry as Biden’s has been. But lawmakers aligned with her party were present at an online event on the night of Aug. 14 that was dubbed Crypto4Harris. Harris did not attend, and she wasn’t present for a recent call with crypto industry leaders and representatives of her campaign either. Senate Majority Leader Chuck Schumer and Michigan Democratic Senator Debbie Stabenow, along with…

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Filed under: News - @ August 15, 2024 7:21 pm