Republican

2024

Bitcoin

Bettors on the market predictions platform Polymarket have increased their wagers on the Democratic presidential runner following her new pro-crypto campaign. 
Fox Business reported that a lobby group for U.S. Vice President Kamala Harris called “Crypto for Harris” will host a virtual town hall meeting, challenging Donald Trump’s influence within the cryptocurrency space.&nbsp; 
The date hasn’t been confirmed yet, but the report claims the meeting will be held next week. 
Per the <a href="https://www.foxbusiness.com/politics/democrats-launch-crypto-harris-campaign-counter-trumps-industry-appeal" target="_blank" rel="">report</a>, some Democratic members of the House of Representatives along with pro-Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) billionaire and entrepreneur Mark Cuban and SkyBridge Capital founder Anthony Scaramucci will speak at the event. 
Moreover, the advocacy group has also invited top Democratic Senate leaders to promote the Harris campaign, according to Fox Business.&nbsp; 
Last month, Trump, former U.S. president and Republican presidential runner, garnered huge attention from the crypto community for <a href="https://crypto.news/pro-trumps-bitcoin-2024-speech-pressured-harris-to-embrace-crypto/" target="_blank" rel="noreferrer noopener">supporting</a> the digital asset space and hinting at creating a national BTC reserve at the Bitcoin 2024 conference in Nashville.&nbsp; 
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However, the recent pro-crypto movements from the Democratic candidate have brought her support from the cryptocurrency ecosystem.&nbsp; 
According to data provided by Polymarket, bettors have increased their stakes in Harris’ chance of winning the 2024 U.S. elections this November. Currently, the odds of Harris winning the elections surpassed Trump’s, reaching 50%. 
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 <img loading="lazy" decoding="async" width="1025" height="463" src="https://crypto.news/app/uploads/2024/08/Screenshot-2024-08-08-120258.png" alt="Kamala Harris takes lead ahead of Trump: Polymarket - 10"> 
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 Bets on U.S. presidential elections – Aug. 8 | Source: <a href="https://polymarket.com/event/presidential-election-winner-2024/will-donald-trump-win-the-2024-us-presidential-election?tid=1723101143687" target="_blank" rel="">Polymarket</a>
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Data shows that Trump’s chance of winning declined from 53% on Aug. 6 to 49% at the time of writing.&nbsp; 
So far, the total amount of bets on the U.S. elections has reached $547 million on <a href="https://crypto.news/what-is-polymarket/" target="_blank" rel="noreferrer noopener">Polymarket</a>. 
On Aug. 6, the Democratic presidential candidate <a href="https://crypto.news/harris-selects-crypto-cautious-tim-walz-as-vp-candidate-per-reports/" target="_blank" rel="noreferrer noopener">chose</a> Minnesota Governor Tim Walz as a potential vice presidential pick. This suddenly <a href="https://crypto.news/polymarket-harris-odds-up-to-46-after-walz-vp-pick/" target="_blank" rel="noreferrer noopener">increased</a> Harris’ odds of winning by 3%, reaching 46%, on Polymarket on the same day.&nbsp; 
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Kamala Harris takes lead ahead of Trump: Polymarket

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