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CDS Crypto News Trump and Harris Tied in Election Odds After Heated Debate, Crypto Market Reacts

Crypto News

Trump and Harris Tied in Election Odds After Heated Debate, Crypto Market Reacts

Following a heated debate between Donald Trump and Kamala Harris, their election odds are now tied at 49% on Polymarket. With over $860 million in total bets, Trump leads slightly in wagers. The debate also triggered a 1.7% decline in the global crypto market.

Zeynep Öztürk11/09/20241 Mins read83

Trump and Harris Tied in Election Odds After Heated Debate, Crypto Market Reacts

After the September 10 debate between former U.S. President Donald Trump and Vice President Kamala Harris, the two candidates now find themselves neck-and-neck on Polymarket, a popular prediction platform. Trump’s previous 5% advantage vanished after their first direct confrontation, leaving both contenders with 49% odds of winning the 2024 U.S. election.

Interestingly, Trump’s odds had previously surged to 72% following his appearance at the Bitcoin 2024 conference in Nashville in July. Despite the recent dip, the total betting volume on Polymarket has surpassed $860 million, with Trump holding a slight edge in total wagers at $130 million, while Harris follows closely with $114 million.

Many political observers noted that Harris caused Trump to falter several times during the debate, while Tesla CEO Elon Musk criticized the moderators for allegedly treating Trump unfairly. Meanwhile, speculation is growing that Trump might include Musk in his future cabinet if re-elected.

The debate’s aftermath also rippled through the crypto market, which experienced a 1.7% decline in overall value. As of now, Bitcoin has fallen by 1% to $56,500, and Ethereum has mirrored this trend, sitting at $2,330.