Kamala Harris Edges Out Donald Trump In Crypto Betting Odds For The First Time, Wagers Rise From 6% To 52% In Less Than A Month
Portfolio Pulse from Aniket Verma
Kamala Harris has surpassed Donald Trump in cryptocurrency betting odds for the upcoming U.S. presidential election, according to Polymarket. Harris' odds surged to 52% from 6% in less than a month, while Trump's odds dropped from 72% to 46%. This shift is attributed to President Joe Biden's withdrawal and Harris' confirmation as the Democratic candidate.
August 12, 2024 | 3:10 am
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POSITIVE IMPACT
Polymarket, a prediction market built on Ethereum's Layer-2 chain Polygon, has seen a surge in activity due to the shifting U.S. presidential betting odds.
The increased activity on Polymarket, which is built on Ethereum's Layer-2 chain Polygon, suggests higher usage and demand for Ethereum and Polygon, potentially driving up their prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Polymarket's rise in popularity, built on Polygon, indicates increased usage and demand for the Polygon network.
As Polymarket gains traction, the underlying Polygon network is likely to see increased usage, which could positively impact the price of MATIC.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80