President Joe Biden continues to lead the pack in the eyes of bettors on Polymarket, with a 48% chance of securing the Democratic party’s nomination for the 2024 presidential election. His Vice President, Kamala Harris, is not far behind with 36% odds.
Politics have taken center stage on Polymarket, where users engage in betting on current events. Despite calls from some Democrats for Biden to step aside due to concerns about his age and performance, he remains steadfast in his decision to seek re-election. Biden, who would be 86 at the end of a potential second term, is confident in his ability to defeat Trump once again, stating that he will not withdraw from the race unless divine intervention occurs.
Recent polls show that Biden is underperforming Trump among their respective 2020 voters and party bases. The two candidates are evenly splitting independent voters, with Biden leading in some swing states like Michigan and Wisconsin, but facing challenges in others. A significant portion of swing-state voters, including Democrats and independents, believe Biden should not continue his campaign.
While some Democratic leaders, including Kamala Harris, have expressed support for Biden, others like Representative Mike Quigley have called for new leadership. Harris, on the other hand, has been actively working to elevate her profile and highlight her accomplishments, potentially positioning herself for a future leadership role.
In a surprising turn of events, the meme coin inspired by Kamala Harris, called Kamala Horris (KAMA), has seen a remarkable 429% increase in value over the past two weeks. This surge in value aligns with the uncertainty surrounding Biden’s candidacy for 2024. The coin’s price has risen by 44.2% in the last week, currently trading at $0.0073 with a market capitalization of $7.3 million.
Despite the bullish trend indicated by technical analysis, investors should exercise caution as the coin’s source code has not been verified and may contain potential scam elements. The surge in KAMA’s price can be attributed to speculation about Harris potentially becoming the Democratic nominee, prompting increased interest and investment in the token. However, the token’s long-term sustainability remains uncertain due to its volatile and speculative nature.
Overall, the political landscape is evolving rapidly as Biden and Harris navigate their paths forward amidst growing uncertainty and speculation. The coming months will undoubtedly bring further twists and turns as the race for the 2024 presidential election heats up.