- Harris now main Polymarket odds at 50%, with Trump carefully trailing at 49%.
- Trump’s WLF venture is dealing with criticism, including uncertainty to his presidential odds.
With simply two months to go till the U.S presidential elections, the most recent Polymarket odds present Vice President Kamala Harris holding a slim lead. In response to the identical, she has 50% odds of profitable the elections, over Donald Trump’s 49%.
Whereas this isn’t a numerically important margin, it’s nonetheless a essential one. Particularly since VP Harris has for lengthy trailed the Former President on Polymarket.
Supply: Polymarket
Presidential debate and its influence
For a lot of days, Trump had been main Polymarket’s odds. Nevertheless, issues took a shocking activate 10 September when he and Harris confronted off of their first presidential debate.
The controversy lined varied matters, from the financial system to immigration. Nevertheless, notably, cryptocurrencies have been largely absent from any dialogue. Regardless of a lot anticipation, neither candidate delved into the topic, leaving many within the crypto group ready for readability on their positions.
Exterior of that, there gave the impression to be a basic consensus that Trump’s debate efficiency fell in need of expectations. In reality, data from blockchain-based betting platform Polymarket revealed that 99% of voters favored Harris as the controversy winner.
Supply: Polymarket
For these unaware, previous to the controversy, Trump led with 53% of the projected votes, whereas Harris trailed at 45%.
Nevertheless, instantly after the controversy, the race tightened considerably, with each candidates neck-to-neck at 49% every.
Supply: i/o/X
Trump’s push to prime the prediction polls
In mild of his declining presidential odds, Trump turned to X (previously Twitter) on 12 September to announce that he would go stay on the platform on 16 September. Within the video, he revealed plans to launch World Liberty Monetary (WLF) – A venture led by his sons, Donald Trump Jr. and Eric Trump.
He stated,
“We’re embracing the longer term with crypto and leaving the sluggish and outdated huge banks behind.”
Sadly, the response to this plan wasn’t as appreciated as many initially anticipated. In reality, the reactions have been tepid from many within the crypto-community too.
For instance – Colin Talks Crypto took to X and instructed,
Supply: Colin Talks Crypto/X
Trump’s crypto engagement to this point
Whereas particulars stay imprecise, Trump has beforehand hinted that World Liberty Monetary will probably be a decentralized finance (DeFi) platform for borrowing and lending.
That is simply the most recent step in his pivot in direction of cryptos over the previous yr and a half although. His engagement with the crypto group has been notable, together with participation in Bitcoin conferences, accepting crypto donations, internet hosting NFT-themed dinners, and launching Bitcoin-related merchandise.
These actions have contributed to many within the crypto house nonetheless backing him as U.S President. Regardless of his poor debate efficiency.
What lies forward?
There’s a sturdy chance that Trump may reclaim the highest spot on the Polymarket charts as soon as WLF goes stay.
Nevertheless, regardless of Trump’s sturdy crypto engagement, latest criticism of the WLF initiative has raised concerns. Particularly about potential conflicts of curiosity ought to he win one other time period.
In reality, even Nic Carter, a associate at Citadel Island Ventures and Trump supporter, has labeled the venture a “large mistake.”