Polymarket betters are predicting Republican nominee Donald Trump will win the 2024 U.S. presidential election this November despite notable gains by presumptive Democratic nominee Kamala Harris.
Polymarket Betting Trends
According to Polymarket’s 2024 Official Election Forecast, Trump holds 61 percent of the predicted vote, while Harris follows with 37 percent. Other political figures, including Robert F. Kennedy Jr., Nikki Haley, and Elizabeth Warren, each received less than 1% of the vote.
Trump has consistently been a favorite among users on the betting site. Two weeks ago, he dominated the poll against current U.S. President Joe Biden, who had only 19% of the votes at that time.
Recent Developments in the 2024 Race
The news of Trump’s continued popularity on Polymarket comes amid significant developments in the 2024 presidential race. On July 21, President Biden announced his withdrawal from the race, endorsing Kamala Harris as his replacement on the Democratic ticket.
“I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden said in his announcement. “Democrats — it’s time to come together and beat Trump. Let’s do this.”
Candidate Positions on Cryptocurrency
Since announcing her candidacy, recent polls show Harris has been a competitive candidate against Trump, though she remains slightly behind. Trump, meanwhile, has reinforced his commitment to cryptocurrencies, speaking at the Bitcoin 2024 Conference in Nashville. He promised to make the United States “the crypto capital of the planet and Bitcoin superpower of the world.”
“If crypto is going to define the future, I want it to be mined, minted, and made in the USA,” Trump said. “If Bitcoin is going to the moon…I want America to be the nation that leads the way.”
Harris, who was rumored to attend the digital asset conference, ultimately did not appear. However, billionaire Mark Cuban recently suggested that a Harris presidency might be more open to cryptocurrencies than the Biden administration.
“The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business (artificial intelligence), crypto, and government as a service,” Cuban said. “Changing the policies changes the message and lets everyone know she is in charge and open, literally, for business.”
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