- Harris now main Polymarket odds at 50%, with Trump carefully trailing at 49%.
- Trump’s WLF venture is going through 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 slender 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 crucial one. Particularly since VP Harris has for lengthy trailed the Former President on Polymarket.
Supply: Polymarket
Presidential debate and its impression
For a lot of days, Trump had been main Polymarket’s odds. Nonetheless, issues took a shocking activate 10 September when he and Harris confronted off of their first presidential debate.
The talk coated varied matters, from the economic system to immigration. Nonetheless, 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.
Outdoors of that, there gave the impression to be a common consensus that Trump’s debate efficiency fell wanting expectations. In truth, data from blockchain-based betting platform Polymarket revealed that 99% of voters favored Harris as the talk winner.
Supply: Polymarket
For these unaware, previous to the talk, Trump led with 53% of the projected votes, whereas Harris trailed at 45%.
Nonetheless, instantly after the talk, the race tightened considerably, with each candidates neck-to-neck at 49% every.
Supply: i/o/X
Trump’s push to high the prediction polls
In gentle 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 mentioned,
“We’re embracing the long run with crypto and leaving the gradual and outdated massive banks behind.”
Sadly, the response to this plan wasn’t as appreciated as many initially anticipated. In truth, the reactions have been tepid from many within the crypto-community too.
For instance – Colin Talks Crypto took to X and steered,
Supply: Colin Talks Crypto/X
Trump’s crypto engagement thus far
Whereas particulars stay obscure, Trump has beforehand hinted that World Liberty Monetary shall be a decentralized finance (DeFi) platform for borrowing and lending.
That is simply the most recent step in his pivot in the 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 risk that Trump may reclaim the highest spot on the Polymarket charts as soon as WLF goes stay.
Nonetheless, 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 truth, even Nic Carter, a associate at Fort Island Ventures and Trump supporter, has labeled the venture a “big mistake.”
