<img src="https://crypto.news/app/uploads/2024/05/crypto-news-Trump-criticizing-crypto-while-holding-an-nft-inside-Trump-Tower03.webp” />
With less than a month to go until Election Day in the United States, Donald Trump's lead has grown to 8.6% on Polymarket, marking his largest lead since Harris entered the race.
Republican presidential candidate Donald Trump has widened his lead on Polymarket, with his odds now at 53.6%, up 8.6% from recent predictions. This marks Trump's biggest lead over Democratic challenger Kamala Harris since entering the race for the US presidency.
Polymarket data sample Harris trails with a 45.7% chance of winning the White House. The platform has seen $1.42 billion in total bets on the November election, with Trump leading in volume, attracting $338 million compared to Harris' $294 million.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“/>
Trump's increased odds come after his Oct. 5 rally in Butler, Pennsylvania, where he hinted he would revisit the case of Silk Road founder Ross Ulbricht but refrained from making direct comments about the industry. cryptography.
Meanwhile, billionaire Elon Musk, who shared the stage with Trump, urged voters to participate in the upcoming election, emphasizing its critical nature.
Election Day in the United States is Tuesday, November 5.
Polymarket has gained significant momentum this election season as punters have placed large amounts of bets on current events. Polymarket is a decentralized prediction market that allows users to bet on the outcome of real-world events using cryptocurrency.
The adoption of politics by cryptocurrencies this election season
During this election season, both political parties have tried to attract the crypto community and its financial contributions. The support among cryptocurrency owners shows the growing influence of digital assets in American politics.
During his recent election campaign, Trump has openly expressed pro-cryptocurrency sentiment. On August 29, he announced plans to make the United States the “crypto capital of the planet” if he is re-elected, hinting at an initiative led by his children called World Liberty Financial.
On the Democratic side, Harris' campaign team launched the Crypto4Harris initiative in early August to engage with the crypto community and counter Republican efforts to attract crypto voters. The campaign aims to develop a pro-cryptocurrency policy framework to repair Harris' relationship with the cryptocurrency industry.
