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Kamala Harris Surpasses Donald Trump on Polymarket

Elon Musk and Donald Trump will hold a live and public conversation meeting this Monday

August 12, 2024 07:23 AM

Reading time: 1 minute, 45 seconds

TL;DR Kamala Harris' odds of winning the upcoming presidential election have surpassed Trump's on Polymarket. Harris' team has started reaching out to the crypto industry. Musk and Trump will cover various topics, including current political dynamics and the ever-evolving cryptocurrency landscape.

Musk and Trump Set for Live Conversation

Elon Musk is scheduled to have a live conversation with former President Donald Trump on Monday. The highly anticipated discussion will cover various topics, including current political dynamics and the ever-evolving cryptocurrency landscape.

Harris Surpasses Trump in Polls

Over the weekend, the odds of U.S. Vice President Kamala Harris winning the upcoming presidential election have surpassed those of Donald Trump on Polymarket, a decentralized prediction market platform.

Harris' odds of winning the November election rose to 52% on Polymarket today, while Trump's chances of being elected dropped to 46% from 70% in mid-July. Harris flipped Trump's odds of winning on Saturday.

The U.S. election results remained the biggest prediction market on the platform, with its volume currently reaching over $572 million.

Harris' Team Engages Crypto Industry

Harris' team has started reaching out to the crypto industry as cryptocurrency has become a part of the election discussions over the past few months.

Her pro-crypto rival, Trump, has repeatedly reiterated his support for Bitcoin. Harris and her running mate, Tim Walz, have yet to address crypto openly.

According to AARP, Minnesota enacted legislation to strengthen the regulation of cryptocurrency kiosks during Walz's tenure as governor.

Crypto4Harris Town Hall

Grassroots organization Crypto4Harris is expected to host a town hall on Wednesday. Several crypto industry leaders, including Crypto Council for Innovation CEO Sheila Warren and billionaire Mark Cuban, will speak.

"Crypto is building a movement to support Kamala Harris," Crypto4Harris wrote in an X post. "A group of industry leaders, policy experts, and everyday crypto-enthusiasts are organizing to back Harris while pushing for a nuanced policy stance that positions America as a leader in digital assets."

Trump's Stance on U.S. Cryptocurrency

Last week, Republican presidential nominee Donald Trump said that the U.S. shouldn't sell its cryptocurrency. "It's something they shouldn't be doing because they should be trying to build it," Trump said in an interview with Adin Ross. "If we don't do it, China's doing it, and other places are doing it, and they're doing it anyway."

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