Polymarket shows Harris and Trump tied in election odds after debate
Vice President Kamala Harris' odds of winning the November election have risen to tie with former President Donald Trump on the crypto-based prediction platform Polymarket following their debate.
Both candidates now hold a 49% chance of winning, according to Polymarket’s $860 million market.
Harris' odds increased from 46% on Monday, while Trump's fell from 52%.
Tuesday marked the first and potentially only debate between Harris and Trump ahead of the election, covering topics like the Gaza conflict and abortion rights.
No mention was made of cryptocurrency.
Polls on Polymarket suggest a 94% chance that Harris won the debate, though official results are pending.
Min Jung, an analyst at Presto Research, noted that while the debate didn’t address crypto specifically, Harris’ rising odds on Polymarket “might be seen as less favorable for the crypto market.”
Trump has been vocal about his pro-crypto stance, while Harris has recently begun engaging with the sector but remains undecided on her position.
Bitcoin (CRYPTO:BTC) experienced fluctuations around the debate.
It briefly rose above $58,000 before falling to about $56,700 during the debate and stabilizing at $56,797, according to The Block.
Justin d'Anethan of Keyrock explained that Bitcoin acted like a “dispassionate observer” during the debate, moving in line with tech stocks and growth equities amid broader market uncertainties.
PolitiFi coins tied to the candidates showed declines after the debate.
Super Trump (CRYPTO:STRUMP) fell 6.8%, Kamala Horris (CRYPTO:KAMA) dropped 5.7%, and MAGA (CRYPTO:TRUMP) edged down 0.2%, according to CoineGecko data.
Peter Chung from Presto Research attributed these moves to Harris' stronger-than-expected debate performance.
D'Anethan added that PolitiFi coins might continue to show volatility in response to shifts in sentiment following the debate, but with low liquidity and diminishing interest, these changes may not last long.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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