Donald Trump Takes 19% Lead Over Kamala Harris on Polymarket

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Julia Smith

Author

Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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Last updated:

October 16, 2024 12:33 EDT

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Republican nominee Donald Trump holds a substantial 19-point lead over Democratic candidate Kamala Harris, according to a decentralized prediction poll on Polymarket as of Wednesday, October 16, 2024.

Trump Gains Strong Lead Over Kamala Harris on Polymarket

As of Wednesday morning, Polymarket’s 2024 Presidential Election Forecast showed Trump with 59% of votes from bettors, while Harris trails with 40.3%.

Both candidates have seen shifts in their support over the past few months, but Trump made considerable gains in recent days, particularly in Polymarket’s decentralized poll.

However, formal national polls present a closer contest, with Harris holding a narrow 2-point lead over Trump.

The surge in Polymarket’s support for Trump, the convicted former U.S. president, comes just weeks before the election.

On Monday, Harris launched a digital asset protection initiative aimed at Black male voters, responding to Trump’s inroads with this key demographic.

“She will ensure that digital asset owners and investors benefit from a fair regulatory framework,” Harris’s campaign agenda stated. “This will protect Black men and others participating in the market.”

Meanwhile, Trump launched the official token of his family’s new crypto platform, World Liberty Financial, though some critics likened it to a pump-and-dump scheme.

Shortly after the launch, World Liberty Financial’s website crashed, with only 9,000 token holders as of Wednesday morning.

Donald Trump has consistently criticized the U.S. crypto regulatory framework and vowed to fire SEC Chair Gary Gensler if elected, accusing him of a heavy-handed approach to regulation.

“If for some reason bad, bad things happen and we don’t win the election, those people that were under investigation and that are free as a bird right now, people that were being looked at in the crypto world, they will be living in hell because it will start the day after the election if they win,” Trump said in a recent X discussion.