Polymarket betters are predicting that Republican nominee Donald Trump will win the 2024 U.S. presidential election in November with 61% of the vote, while presumptive Democratic nominee Kamala Harris is trailing behind with 37%. Other political figures such as Robert F. Kennedy Jr., Nikki Haley, and Elizabeth Warren have each received less than 1% of the vote. Trump has remained a favorite among users on the betting site and previously dominated current U.S. President Joe Biden in the official poll just two weeks ago.
News of Trump’s continued popularity on Polymarket comes amid a turbulent few weeks in the 2024 race for the White House. On July 21, Biden announced his withdrawal from the race before endorsing Harris as his replacement on the Democratic ticket. Biden stated that he wanted to focus on his duties as President for the remainder of his term and offered his full support and endorsement for Harris to be the nominee of the Democratic party. He urged Democrats to come together to beat Trump in the upcoming election.
Although recent polls show that Harris has been a more competitive candidate against Trump than her predecessor, she is still slightly behind in the race. Trump reiterated his commitment to cryptocurrencies at the Bitcoin 2024 Conference in Nashville, stating that he would make the United States the “crypto capital of the planet” and a “Bitcoin superpower.” He expressed his desire for crypto to be mined, minted, and made in the USA, emphasizing his goal for America to lead the way in the crypto space. While there were rumors that Harris might attend the conference, she ultimately declined to appear.
Billionaire Mark Cuban has suggested that a Harris presidency might be more open to cryptocurrencies than the Biden administration. Cuban stated that he has received feedback indicating that Harris will be more open to business, artificial intelligence, crypto, and government as a service. He believes that changing policies under a Harris administration could send a message that she is open for business and willing to make significant changes. This potential shift in policies could impact the perception of Harris as a candidate for the 2024 election.
Despite Harris’s competitive stance against Trump in recent polls, Polymarket betters are still favoring Trump as the likely winner of the 2024 U.S. presidential election. With Trump holding a significant lead over Harris in the betting market, it remains to be seen how the race will unfold in the coming months leading up to the election. Both candidates have expressed their visions for the future, with Trump emphasizing his commitment to making the US a crypto leader and Harris potentially signaling a more open approach to cryptocurrencies in her potential presidency. The outcome of the election will ultimately be determined by the voters in November.
