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The statistics show the probability of the twice-impeached former president dropping from 66.9% to 54%. Meanwhile, Harris's prospects have jumped significantly, from 33.5% to 46.1%. As November 5th, Election Day draws near, this change indicates shifting market sentiment.
Polymarket, based on the Ethereum blockchain, lets users wager a stablecoin (USDC) instead of more volatile cryptocurrencies to purchase and sell shares in various real-world outcomes. The Wall Street Journal reports that a polymarket gambler named Théo is betting over $30 million on Trump's winning the election.
A new study from the Des Moines Register and Mediacom shows that Harris is doing well, which has changed the trend. An important American researcher named Ann Selzer, known for being very accurate, says Harris has a three-point lead over Trump in Iowa.
The study found that Harris still had 47% support among potential voters, while Trump only had 44%. This is a big change from the September survey, which gave Trump a 4-point lead. Selzer told Newsweek that the same method was used this year, in 2016 and 2020, when Trump won Iowa.
Also, The Daily Beast just recently released audio records of talks author Michael Wolff had with accused sex trafficker Jeffrey Epstein in 2017. Epstein talked at length in the talks about his ten-year friendship with Trump. He died in August 2019 while he was in jail in New York City, waiting to be tried.
Investors are paying more attention to the candidates' stances on bitcoin regulation. Trump is increasingly speaking out in favour of cryptocurrency.
He went so far as to endorse cryptocurrencies at a Mar-a-Lago gathering in May publicly. Trump's campaign to accept cryptocurrency payments only bolsters this position in favour of crypto.
With cryptocurrency, Harris has taken a more methodical approach. In September, the president hinted that her government would back cryptocurrency as part of a larger plan to boost economic competitiveness. Harris has been less outspoken than Trump in her endorsements, although she did get $11.8 million in campaign donations from Chris Larsen, co-founder of Ripple (XRP).
When asked about President Joe Biden's controversial appointment of Gary Gensler to head the U.S. Securities and Exchange Commission, Larsen told CNBC that he thinks the Democratic nominee would treat crypto quite differently. The $0.50/Bitcoin price has mirrored the political uncertainty as state polls and Polymarket projections remain volatile.
editor
A web 3 girl living in a web 2 world.
