As the US elections comes nearer, speculations take a new turn as Polymarket predicts that VP Kamala Harris winning chances in the upcoming presidential election has dipped to 47%, while Donald Trump’s chance of winning remained around 50%.
The decentralized prediction market platform Polymarket has been keeping a track of people’s opinions and recorded a one percent jump in former President Trump’s chances of winning. When it comes to the numbers from states, Harris, still holds a dominating positive chances in the state of Michigan.
However, the chances of either of them winning were once 50-50, as Trump and Harris tied on August 26. Before this tie, Harris was ahead of Trump in the speculative race for nearly two weeks earlier in August.
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Even as the chances seem to wane for Kamala Harris, the crypto industry doesn’t seem to take for granted what the future looks like for the crypto industry. Meanwhile, political betting odds show a mixed picture and as a result, crypto biggies and industry advocates are planning to raise $100K for Kamala Harris, in case she wins the elections. The fundraiser is the crypto industry’s bid to ensure a relaxed crypto stance is introduced when and if Harris takes over as the US President.
The US election has totally taken over Polymarket’s prediction market, and had a current trading volume of approximately US$777 million. As reported by CryptonewsZ, Polymarket’s trading volume, new users and number of active trading users was the highest in August. It attained around $472,877, 266 Million trading volume in August, a month-on-month increase of 22.18%, and a major chunk of it came from US elections’ predictions.
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Also Read: Crypto Polymarket Bets Take a Focus Shift to Bitcoin & Airdrops
