Polymarket: Trump extends lead over Harris

Election day in the United States is less than a month away, and Donald Trump’s lead has grown to 8.6% on Polymarket, marking his largest advantage since Harris entered the race.

Republican presidential candidate Donald Trump has widened his lead on Polymarket, with his odds now at 53.6%, up 8.6% from recent predictions. This marks Trump’s largest lead over Democratic contender Kamala Harris since she entered the race for the U.S. presidency.

Polymarket data shows Harris trailing with 45.7% odds of securing the White House. The platform has seen $1.42 billion in total wagers on the November election, with Trump leading in volume, attracting $338 million compared to Harris’ $294 million.

The surge in Trump’s odds follows his Oct. 5 rally in Butler, Pennsylvania, where he hinted at revisiting the case of Silk Road founder Ross Ulbricht but refrained from making direct comments on the crypto industry.

Meanwhile, billionaire Elon Musk, who shared the stage with Trump, urged voters to participate in the upcoming election, emphasizing its pivotal nature.

Election day in the United States is ⁦Tuesday, Nov. 5⁩.

Polymarket has gained significant traction this election season as bettors have placed large amounts of wagers on current events. Polymarket is a decentralized prediction market that allows users to bet on the outcome of real-world events using crypto.

Crypto’s embrace of politics this election season

During this election season, both political parties have been trying to appeal to the crypto community and its financial contributions. The support among crypto owners shows the growing influence of digital assets in American politics.

During his recent campaign trail, Trump has openly expressed a pro-crypto sentiment. On August 29, he announced plans to make the U.S. the “crypto capital of the planet” if re-elected, hinting at an initiative led by his sons called World Liberty Financial.

On the Democratic side, Harris’s campaign team launched the Crypto4Harris initiative in early August to engage with the crypto community and counter Republican efforts to attract crypto voters. The campaign aims to develop a pro-crypto policy framework to mend Harris’s relationship with the crypto industry.