🌎 Kamala Harris Gains Crypto Support, Surpasses Trump in Election Bets

Bettors on the market predictions platform Polymarket have increased their wagers on the Democratic presidential runner following her new pro-crypto campaign.

Fox Business reported that a lobby group for U.S. Vice President Kamala Harris called “Crypto for Harris” will host a virtual town hall meeting, challenging Donald Trump’s influence within the cryptocurrency space. The date hasn’t been confirmed yet, but the report claims the meeting will be held next week.

According to the report, some Democratic members of the House of Representatives along with pro-Bitcoin billionaire and entrepreneur Mark Cuban and SkyBridge Capital founder Anthony Scaramucci will speak at the event. Moreover, the advocacy group has also invited top Democratic Senate leaders to promote the Harris campaign.

Last month, Trump, former U.S. president and Republican presidential runner, garnered significant attention from the crypto community for supporting the digital asset space and hinting at creating a national BTC reserve at the Bitcoin 2024 conference in Nashville.

However, the recent pro-crypto movements from the Democratic candidate have brought her support from the cryptocurrency ecosystem. According to data provided by Polymarket, bettors have increased their stakes in Harris’ chance of winning the 2024 U.S. elections this November. Currently, the odds of Harris winning the elections surpassed Trump’s, reaching 50%.

Bets on U.S. presidential elections – Aug. 8 | Source: Polymarket

Data shows that Trump’s chance of winning declined from 53% on Aug. 6 to 49% at the time of writing. So far, the total amount of bets on the U.S. elections has reached $547 million on Polymarket.

On Aug. 6, the Democratic presidential candidate chose Minnesota Governor Tim Walz as a potential vice presidential pick. This suddenly increased Harris’ odds of winning by 3%, reaching 46%, on Polymarket on the same day.