Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,457)
  • Analysis (1,640)
  • Bitcoin (2,228)
  • Blockchain (1,318)
  • DeFi (1,541)
  • Ethereum (1,509)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,584)
  • Press Releases (2)
  • Reddit (878)
  • Regulation (1,480)
  • Security (2,108)
  • Thought Leadership (3)
  • Videos (41)
Hand picked
  • ChainLink Ace is online while Link approaches the breakdown zone from $ 14 to $ 16
  • Cardano (ADA) laterally – intact support, but no spark for a movement
  • NFT sales fell from $ 1.6 billion to T1 2025 to $ 1.3 billion in T2 2025
  • How a crypto portfolio gives total control of digital assets
  • 5 emerging cryptocurrencies influencing blockchain trends
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Bitcoin»Harris’ Chances Rise on Polymarkets: What Will Happen with US Election Crypto?
Bitcoin

Harris’ Chances Rise on Polymarkets: What Will Happen with US Election Crypto?

November 3, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
1730645511 Copy Of Copy Of Copy Of Copy Of Copy Of Copy Of Copy Of Monochromatic New York City Lifestyle Quote.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email


US election chances for Kamala Harris are increasing as crypto betting markets become optimistic about the prospect of Kamala's victory on November 5.

As the US presidential election approaches, betting platform Polymarket sees odds rising for Kamala Harris, with her odds rising from 33% to almost 39%.

Additionally, the October jobs report shows that the economy is starting to grow under Biden and Kamala. As they put it, “Vote for Kamala Harris to keep this momentum going!” »

Here’s who Polymarket oddsmakers think will win the election in light of new information.

Kamala Harris: the mechanisms of market movement

Polymarket is a prediction market where users can bet on various outcomes, including political races. Traders buy “stocks” with the potential to earn $1 each if their predictions prove correct.

Right now, a rise in Harris’ stock price indicates heightened expectations that she will win, even though Donald Trump maintains a 62% probability, making him the current favorite.

Trump’s odds are down 5.6% today.

🟥 Trump • 60.9% chance
🟦 Harris • 39.1% chance

There are 4 days left. pic.twitter.com/FFzTdYgkTq

– Polymarket (@Polymarket) October 31, 2024

It is speculated that the rise in Harris’s odds is due to traders hedging their bets. Large transactions exceeding $10,000 suggest significant investments in Harris, perhaps as a hedge against a potential Trump loss.

This hedging strategy allows traders to mitigate risks associated with election unpredictability.

After all, Trump is already calling for election fraud in Pennsylvania and is also suing CBS for fraud.

DISCOVER: Best New Cryptocurrencies to Invest in in 2024 – Best New Crypto Coins

Impact of voting and polling irregularities

Reports of voting irregularities (ballot burning) also influenced market behavior, forcing traders to reevaluate their positions. These allegations, coupled with traditional polls showing Harris ahead in key states like Michigan, Pennsylvania and Wisconsin, could influence sentiment.

Newsweek highlighted the importance of these states, emphasizing the need for Trump to secure at least one to win.

(Polymarket)

The dynamic nature of Polymarket means that every trade impacts the odds, leading to potential volatility. Low liquidity can cause dramatic price swings, as seen when a large purchase temporarily raised Trump’s rating to 99%.

Crypto betting markets and election odds at Polymarket

Crypto is on the ballot this election cycle, with both candidates outlining their approach to digital currencies. That said, fluctuating election odds have reverberated through crypto markets, with some attributing recent downturns to Trump’s declining prospects on Polymarket.

The CoinDesk 20 Index, for example, fell 4.4% in 24 hours, reflecting the intertwined nature of political events and crypto market reactions.

Notably, a user named Clumpyclumsy invested over $250,000 in Harris “yes” stocks, highlighting the high stakes involved.

As the election approaches, Kamala Harris’ growing chances on Polymarket highlight that this election will be closer than anyone would like. Why can’t we get a landslide victory for once?! For traders and spectators alike, deciphering the code of these interactions is essential to surviving the rat race of prediction markets. As for crypto, we’ll see if either candidate delivers on their promises.

RELATED: Crypto Mayor Unveils Satoshi Nakamoto Statue in Switzerland. And why did the CEO of Tether move to Lugano?

Join the 99Bitcoins News Discord here for the latest market updates

The post Harris Odds Rise on Polymarkets: what will happen with US electoral crypto? appeared first on .





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCardano: This price trend portends big gains – will ADA break out?
Next Article Ethereum Price Completes 12 Weeks of Lower Formation, Analyst Says, Don’t Aim Below $4,900 ATH

Related Posts

Bitcoin

Giant Spanish coffee OKs $ 1.17 billion Bitcoin strategy

July 1, 2025
Bitcoin

Robinhood announces a new layer 2 blockchain 2

June 30, 2025
Bitcoin

3 key events this week that could move the prices of bitcoin and cryptography

June 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

ChainLink Ace is online while Link approaches the breakdown zone from $ 14 to $ 16

July 1, 2025

TonCoin: Can an increase of 42% in whale entries propel ton $ 3.28?

July 1, 2025

Solana Rival following herself for major outperformance after correction, according to the CEO of Real Vision, Raoul Pal

June 30, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 106,970.66
ethereum
Ethereum (ETH) $ 2,465.50
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.22
bnb
BNB (BNB) $ 653.07
solana
Solana (SOL) $ 152.70
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.279489
dogecoin
Dogecoin (DOGE) $ 0.163244
staked-ether
Lido Staked Ether (STETH) $ 2,464.08