Republican

Donald Trump

DROPS

Donald Trump overtook Kamala Harris on Polymarket after Robert F. Kennedy Jr. dropped out of the U.S. presidential race. 
Polymarket bettors have <a href="https://polymarket.com/event/presidential-election-winner-2024/will-donald-trump-win-the-2024-us-presidential-election?tid=1724423971853" target="_blank" rel="">wagered</a> $87 million on a 51% chance that Republican candidate Donald Trump will be elected America’s 48th president after the pro-Bitcoin independent candidate exited the ballot. 
Democratic pick Kamala Harris <a href="https://crypto.news/kamala-harris-takes-lead-ahead-of-trump-polymarket/">surge</a> ahead of Trump on the decentralized prediction marketplace has come to an end — at least for now. On-chain speculators briefly backed Harris to win in November as whispers of a crypto reset for Dems circulated. 
Those odds have slipped to 48% after crypto was noticeably absent during the Democratic National Convention.&nbsp;&nbsp;A virtual town hall meant to rally crypto-native support also <a href="https://crypto.news/when-kamalas-crypto-circus-came-to-town-and-bombed/">yielded </a>lackluster results, widening the gap between blockchain proponents and Harris’ potential administration. 
Analysts at Coinbase <a href="https://crypto.news/pro-crypto-young-voters-could-sway-2024-election-coinbase/">previously argued</a> that pro-crypto young voters have the power to influence the outcome of the election. 
 You might also like: <a href="https://crypto.news/the-democrats-are-ignoring-crypto-is-that-a-good-thing/"> The Democrats are ignoring crypto — is that a good thing? </a> 
<h2 class="wp-block-heading" id="crypto-in-the-elections">Crypto in the elections</h2> 
Meanwhile, rumors of RFK Jr joining Trump’s campaign, and possibly his staff, abound in the media. Trump announcing a mystery speaker at his Arizona rally slated for Aug. 23 spurred speculation about this outcome. 
Both Trump and RFK Jr have <a href="https://crypto.news/trump-bitcoin-2024-keynote-bitcoin-reserve/" target="_blank" rel="noreferrer noopener">tabled</a> pro-crypto ideas, pledging to create a strategic Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) reserve if elected. RFK Jr particularly proposed increasing America’s $12 billion BTC stockpile, till the country owned 4% of Bitcoin’s 21 million supply. 
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The outcome of November’s election remains uncertain, with nearly three months until the U.S. presidential elections. Volatility rocked national poll numbers and Polymarket odds, making picking a clear winner difficult. 
While Trump seemingly gathered more supporters, one of many memecoins inspired by the former U.S. president spiked in value. Notably, Trump (<a href="https://crypto.news/price/maga/">MAGA</a>) gained over 5.6% in the last 24 hours amid optimisim of Trump’s potential return to the White House. 
For crypto, lobbying through super PACS like Fairshake advanced. The industry has spent over $110 million backing crypto-friendly candidates and opposing anti-crypto policies.&nbsp; 
Industry veterans <a href="https://crypto.news/scaramucci-bitcoin-and-crypto-regulation-must-be-bipartisan/" target="_blank" rel="noreferrer noopener">stressed</a> that the blockchain community must remain nonpartisan if Web3’s future is to flourish. Chants to support actions over words-filled community discussions on platforms like X. Still, political leanings and industry agendas have ultimately created divides across crypto as proponents threw weight behind Trump or Harris. 
 Read more: <a href="https://crypto.news/donald-trump-announces-pro-crypto-transition-team/"> Donald Trump announces pro-crypto transition team </a>

Polymarket: Trump overtakes Harris after RFK Jr. withdrawal

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