Vice President Kamala Harris continues her lead over former President Donald Trump in the latest Polymarket predictions for the 2024 U.S. Presidential Election.
What Happened: As of August 19, Harris now holds a 51% chance of clinching the presidency, while Trump trails at 47%, marking a four-point gap between the two frontrunners. This lead as the Democratic National Convention coronates the Harris-Walz ticket from Aug.19 to Aug.22 in Chicago.
4,000 delegates will formally recognize Harris as the Democratic nominee after a virtual roll call confirmed the Vice President’s nomination earlier this month.
$642.9 million have been placed in bets on the Presidential Election Winner market, up from around $600 million on Aug.15.
Polymarket also tweeted that the former President is leading the odds in Georgia and Nevada with 57% and 53%, respectively.
According to Polymarket data on the Popular Vote Winner market, Kamala Harris has a 73% chance, compared to Trump’s 26%. $107.7 million have been bet so far.
Arkham Intelligence data shows Donald Trump's crypto portfolio currently valued at $3.4 million, with $1.3 million in Ethereum ETH/USD. Swinging election odds could impact the portfolio value of Trump and the broader crypto market.
Richard Chen, a former general partner at 1confirmation tweeted that since the start of 2024, 88% of Polymarket volume has been election-related. The election winner and the market for democratic nominee have garnered the most trading volume thus far.
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.
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