Kamala Harris's Election Odds Just Hit A Peak Of 48%, According To Crypto Bettors — Is It The Walz Effect?

After nominating Minnesota governor Tim Walz as her running mate, Vice President Kamala Harris‘s election odds have hit a high on prediction market platform Polymarket.

What Happened: Polymarket data shows the Vice President’s odds at 48%, closing in on former President Donald Trump‘s 51%. Recent data also shows a 10% increase in the Democratic party’s chances to win back the House.

Kamala Harris's election odds have now surpassed the peak of President Joe Biden‘s chances, reflecting the positive sentiment surrounding the Harris campaign. The odds of a debate between Vice Presidential nominees JD Vance and Tim Walz are up to 85%.

Also Read: Crypto Community Has Mixed Reaction To Kamala Harris VP Pick Tim Walz: ‘…Worst Pick For Bitcoin’

Why It Matters: Governor Tim Walz is yet to comment on anything related to cryptocurrencies, although experts expect him to embrace a tougher stance on financial regulation.

A grassroots effort called “Crypto4Harris” is currently underway to influence the Harris campaign’s crypto policies, with a focus on “developing a nuanced crypto policy approach."

The group is holding a virtual Town Hall on Aug. 15, where crypto industry leaders will speak on plans to support the campaign. Mark Cuban, who was contacted by the Harris team a few weeks ago, has been invited to the event.

What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next:

• Tim Walz Tapped By Kamala Harris For Dem VP Slot: What Is The Minnesota Governor’s Business Background?

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