2024

Donald Trump

President Donald Trump

<p class="is-style-lead">Donald Trump retakes the lead against Kamala Harris on Polymarket, with odds spiking to 53%.</p>
<p class="is-style-default">Former President Donald Trump has regained the lead over Vice President Kamala Harris for the upcoming elections in the United States on the prediction platform Polymarket.</p>
<p class="is-style-default">Trump’s odds surged to 53%, surpassing Harris, who previously held the top spot with odds <a href="https://crypto.news/kamala-harris-surges-ahead-on-polymarket-trump-falters-as-traders-bet-big/" target="_blank" rel="noopener noreferrer nofollow">hitting</a> 54% just days earlier. Despite the rise to 53%, Trump’s current chances are significantly lower than the 72% peak following <a href="https://crypto.news/bitcoin-nashville-starts-today-what-to-expect/" target="_blank" rel="noopener noreferrer nofollow">the Bitcoin 2024 conference</a> in Nashville, Texas.</p>
<p>The latest spike in Trump’s odds follows recent criticisms around Harris’s cautious approach toward the crypto industry. At press time, Trump has a 53% chance of winning the 2024 presidential elections, ahead of Kamala Harris with a 46% chance.</p>
<p>Notably, Lookonchain called attention to an anonymous individual who registered on Polymarket on Aug. 19 and withdrew $205,000 in USD Coin (<a href="https://crypto.news/price/usd-coin/" rel="noopener noreferrer nofollow">USDC</a>) from <a href="https://crypto.news/tag/binance/" target="_blank" rel="noopener noreferrer nofollow">Binance</a>.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">On <a href="https://twitter.com/hashtag/Polymarket?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Polymarket</a>, <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Trump</a>'s chances in the US Presidential Election rose to 53%, surpassing <a href="https://twitter.com/hashtag/Harris?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Harris</a>.<br><br>3 days ago, someone registered on <a href="https://twitter.com/hashtag/Polymarket?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Polymarket</a> and withdrew 205K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> to buy 417,252 'Yes' shares for <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Trump</a> in the election.<br><br>Now, this person has an unrealized… <a href="https://t.co/GjAlGORjr7" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GjAlGORjr7</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1826515116868927804?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This amount was used to purchase 417,252 “Yes” shares in favor of Trump winning the election. Following the increase in Trump’s odds, the bettor now holds an unrealized profit of $15,000. The GOP candidate now sees over $85 million in volume wagered on his potential victory, as opposed to Harris’s $77.5 million. Both candidates’ wagered volume has continued to increase on Polymarket.</p>
<p>You might also like: <a href="https://crypto.news/ftm-leads-crypto-rally-with-17-surge-eyes-further-gains/" rel="noopener noreferrer nofollow"> FTM leads crypto rally with 17% surge, eyes further gains </a></p>
<h2 class="wp-block-heading" id="harris-attracts-criticism">Harris attracts criticism</h2>
<p>Recall that Harris’s initial lead was bolstered by increased attempts from her team to woo the crypto industry, especially with the <a href="https://crypto.news/democrats-launch-harris-for-crypto-campaign-to-strengthen-pro-crypto-talking-points/" target="_blank" rel="noopener noreferrer nofollow">Crypto4Harris</a> campaign and a recent <a href="https://crypto.news/tyler-winklevoss-how-did-kamala-harris-miss-the-crypto-roundtable/" target="_blank" rel="noopener noreferrer nofollow">roundtable meeting</a>.</p>
<p>However, recent developments have triggered questions about the Democrat’s willingness to improve the regulatory climate around crypto in the U.S. For instance, the Democratic National Committee’s 2024 platform notably excluded any direct mention of cryptocurrency, sparking concerns.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">🚨NEW: The Dems have officially released their party platform on Day 1 of the DNC. <br><br>No mention of blockchain technology, Bitcoin, digital assets or anything related to <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a>. <a href="https://twitter.com/WileyNickel?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@WileyNickel</a>, what say you?<a href="https://t.co/V4yA1hr5ob" target="_blank" rel="noopener noreferrer nofollow">https://t.co/V4yA1hr5ob</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1825555882161340832?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In addition, the Kamala Harris campaign expressed intentions to back a 44.6% tax on capital gains, representing the highest rate recorded in U.S. history. This move further attracted criticisms from prominent crypto industry leaders.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Kamala Harris just announced her plan to raise the long term capital gains tax to 44.6%. If you own any stocks or crypto and vote for her you are an idiot.<br><br>Make sure to send this to everyone you know who owns stocks or crypto so you can say you warned them.</p>— Matt Wallace (@MattWallace888) <a href="https://twitter.com/MattWallace888/status/1826007999787446487?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Meanwhile, per <a href="https://www.bloomberg.com/news/articles/2024-08-21/harris-supports-policies-to-expand-crypto-industry-aide-says?embedded-checkout=true" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a>, Harris’s aide Brian Nelson revealed that the Democratic candidate has promised to support measures that will help grow the crypto industry. In response, Cardano founder Charles Hoskinson expressed skepticism.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">No specific policy or proposal. Just talk. Will gary be fired? What legislation do you support? What executive actions will be issued? Why haven't you changed the policy RIGHT NOW since you're president. <br><br>I'm sorry there is ZERO trust. We need specific, tangible actions. <a href="https://t.co/iWG6Jq0Ggt" target="_blank" rel="noopener noreferrer nofollow">https://t.co/iWG6Jq0Ggt</a></p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1826367045245518001?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Harris has faced criticism for not more strongly advocating for the industry, especially as former President Donald Trump has positioned himself as a pro-crypto candidate. Trump’s platform includes promises to bar the creation of a CBDC, <a href="https://crypto.news/goodbye-gary-donald-trump-vows-to-fire-sec-chief-if-elected/" target="_blank" rel="noopener noreferrer nofollow">fire</a> SEC Chair Gary Gensler, and even stop the government from dumping its Bitcoin holdings.</p>
<p>Read more: <a href="https://crypto.news/tron-revenue-hits-new-ath-price-falls-despite-market-wide-rally/" rel="noopener noreferrer nofollow"> TRON revenue hits new ATH, price falls despite market-wide rally </a></p>

Trump’s odds on Polymarket surge above Harris, spike to 53%

Table of Contents

crypto.news

Other articles published on Aug 22, 2024

Breaking: Grayscale Launches Avalanche Trust, AVAX Price Rallies 10%

Coinbase Lists New Altcoins

Tom Lee Foresees Bitcoin Surge to Over $200,000 Amid Market Analysis

Is This Why Tron (TRX) Tapped 3-Year Peak Above $0.165?

Mercado Libre launches USD-pegged Meli Dollar stablecoin in Brazil

Chainlink Data Streams and VRF Launch on Base, Boosting DeFi and dApp Capabilities

Join our free newsletter for daily crypto updates!