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Polymarket Shows Tightening Trump-Harris Race for Presidency as Bitcoin Fights for $68,000

by Sham
November 4, 2024
in BUSINESS, CRYPTO
Reading Time: 3 mins read
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• Donald Trump’s lead over Kamala Harris on the Polymarket prediction market has weakened, though he remains ahead
• A new Iowa poll shows Harris leading Trump by 3 percentage points among likely voters, a swing from Trump’s 4-point lead in September
• Recordings of Jeffrey Epstein discussing his friendship with Trump have been released, potentially impacting the race

The US presidential race between Republican Donald Trump and Democrat Kamala Harris continues to see new twists and turns as the Nov. 5 election draws closer. Recent polling data and controversies look to shape voter opinions in the final days of this hard-fought campaign.

JUST IN: @Polymarket enters the top 15 free apps on the Apple Play Store pic.twitter.com/isgW7hglA4

— BlockNews.com (@blocknewsdotcom) November 4, 2024

Shifting Odds on Prediction Market Reflect Uncertainty

According to prediction market Polymarket, Trump’s sizable lead over Harris has declined in recent days but remains substantial. As of Nov. 3, Trump’s odds sit at 54% while Harris’ chances are at 46%. This shift from Trump’s previous 69% indicates changing sentiment among bettors as the election approaches.

Iowa Poll Shows Momentum Swing for Harris

A new poll from highly regarded pollster Ann Selzer shows Harris now leading Trump by 3 percentage points in the key battleground state of Iowa. The poll found 47% support for Harris compared to 44% for Trump among likely voters. This poll suggests growing support for Harris in a state Trump won in 2016 and 2020.

Epstein Tapes Bring New Scrutiny on Trump

Recordings from 2017 interviews with convicted sex offender Jeffrey Epstein were recently published. In the tapes, Epstein discusses his decade-long friendship with Trump in detail. Epstein died in 2019 while awaiting trial on sex trafficking charges. The tapes bring renewed attention to Trump’s relationship to Epstein in the final days of the campaign.

Candidates’ Contrasting Crypto Stances

The nominees have taken differing approaches to cryptocurrency regulation, an issue of rising importance for many voters. Trump has explicitly endorsed crypto, accepting donations in Bitcoin and other coins. Harris has been more cautious but won the endorsement of Ripple co-founder Chris Larsen.

Bitcoin Price Reflects Uncertainty

Reflecting the unpredictable political environment, Bitcoin’s price has dropped below $68,000 in recent days after approaching $70,000 last week. The overall crypto market cap has fallen close to $2 trillion as investors react to the latest election developments.

Conclusion

With only days left until ballots are cast, the presidential race remains extremely competitive. As Trump and Harris make their final appeals to voters, new polls and controversies appear likely to impact the election’s outcome. The crypto community watches closely as the candidates’ regulatory stances could significantly shape the industry’s future. This dramatic campaign will soon reach its long-awaited conclusion.

Tags: Ann SelzDonald TrumpJeffrey EpsteinKamala HarrisPolymarket
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