Donald Trump Favored By Polymarket Betters
Polymarket betters are once again showing their preference for Republican nominee Donald Trump over Democratic contender Kamala Harris in the official 2024 Election Forecast poll. As of the most recent tally, Trump has secured the support of 51% of Polymarket voters, while Harris lags behind at 47%.
This data, however, does not align with the results of national polls, which currently place Harris in the lead with 48% compared to Trump’s 43%. Despite this discrepancy, the two candidates are gearing up to face off in the upcoming November election after Robert F. Kennedy Jr.'s unexpected exit from the presidential race last month.
While third-party candidate RFK had been a vocal advocate for the crypto sector, he officially withdrew from the race and threw his support behind Trump during a campaign event in Phoenix on August 23. This move positioned Trump as the main proponent of digital assets in the presidential race.
The crypto Connection
Trump's endorsement of digital assets is not new. He has previously declared his intention to position America as the "crypto capital of the planet" and has shown support for his sons' crypto venture, world Liberty Financial. With Eric and Donald Trump Jr. leading the project, Trump's association with the blockchain industry has become more evident.
Conversely, Harris has remained relatively silent on her stance regarding digital assets since announcing her candidacy in July. However, key Democrats like Senator Chuck Schumer, Congressman Wiley Nickel, and Senator Kirsten Gillibrand have backed Harris as the pro-crypto choice at a recent town hall hosted by the crypto Advocates For Harris group.
During the event, Nickel emphasized the importance of Harris's position on crypto, contrasting it with Trump's skepticism towards the industry. Billionaire and crypto investor Mark Cuban also highlighted the potential for Harris to embrace business, AI, crypto, and government as a service, signaling a shift in policy under a Harris administration.
The Outlook for 2024
As the race for the 2024 U.S. presidency gains momentum, the role of crypto in influencing the election remains uncertain. However, the ongoing support for Trump among Polymarket betters suggests a continued interest in the outcome of the election and its potential impact on the crypto sector.
Whether digital assets will sway the election results or not, the dynamic interplay between politics and the blockchain industry is a topic worth following closely. As the campaign progresses, the influence of crypto on the political landscape may become more pronounced, shaping the future of digital assets in the U.S.
