Bettors on the market predictions platform Polymarket are showing increased support for Democratic presidential runner Kamala Harris after she unveiled her new pro-crypto campaign. A lobby group called “Crypto for Harris,” which supports U.S. Vice President Harris, is set to host a virtual town hall meeting to challenge Donald Trump’s influence in the cryptocurrency space. The event is expected to take place next week, although the exact date has not been confirmed yet.
The town hall meeting will feature Democratic members of the House of Representatives, as well as prominent figures like Bitcoin billionaire Mark Cuban and SkyBridge Capital founder Anthony Scaramucci. Additionally, top Democratic Senate leaders have been invited to promote Harris’ campaign, according to Fox Business.
This comes in response to Trump’s recent remarks at the Bitcoin 2024 conference in Nashville, where he expressed support for the digital asset space and hinted at creating a national BTC reserve. Despite Trump’s attention from the crypto community, Harris’ pro-crypto stance has gained her significant support within the cryptocurrency ecosystem.
Data from Polymarket indicates that bettors have increased their wagers on Harris winning the 2024 U.S. elections this November, surpassing Trump’s odds and reaching 50%. Trump’s chances of winning have declined from 53% to 49% as of the latest data. The total amount of bets on the U.S. elections on Polymarket has now reached $547 million.
In a strategic move, Harris recently named Minnesota Governor Tim Walz as a potential vice presidential pick, leading to a 3% increase in her odds of winning on Polymarket. This development further solidifies Harris’ position as a strong contender in the upcoming presidential race. As the election season heats up, it will be interesting to see how the dynamics between the candidates continue to evolve in the coming months.