Harris's prediction market winning rate skyrocketed to 44%, and may adjust its encryption policy stance.

The probability of U.S. Vice President Harris winning in the prediction market has significantly risen.

Recently, U.S. Vice President Kamala Harris's winning probability on a certain prediction market platform reached a historic high, peaking at 45%, before slightly retreating to 44%. Meanwhile, her main competitor, Trump, saw his winning probability drop to 54%, a noticeable decline compared to the 71% before Biden's withdrawal from the race in mid-July.

Why did Harris's winning probability reach a new high on the prediction market Polymarket?

This change is closely related to the recent public support from over 200 venture capitalists for Harris. These investors stated in an open letter that without a "strong and trustworthy institution", Silicon Valley and other industries would face the risk of collapse.

It is worth noting that representatives from Harris's campaign team are expected to attend a roundtable meeting next Monday to engage in in-depth discussions with executives from the cryptocurrency industry. There is widespread belief that this could be an important statement by the Harris camp regarding its attitude towards cryptocurrencies, especially after Trump's speech at the Bitcoin conference, which may lead to an adjustment in the Harris team's stance.

Why did Harris's winning probability reach a new high on the prediction market Polymarket?

Among the venture capitalists supporting Harris, there are many important figures in the crypto industry. These include Ron Conway, the managing partner of SV Angel, which has invested in several well-known crypto companies; Rebecca Kaden, the female managing partner of USV, whose portfolio includes 24 crypto enterprises; and the renowned investor Mark Cuban, who has invested in 20 blockchain companies.

In addition, the former CEO of a cryptocurrency trading platform, J.P. Thieriot, has publicly expressed support for Harris. He believes that Trump's commitment to the cryptocurrency industry lacks substance, while Harris has demonstrated a new openness. Thieriot collaborated with other organizations to write a strategic document and has shared it with Harris's campaign team, currently awaiting a response.

Why did Harris's winning probability reach a new high on the prediction market Polymarket?

According to reports, the Harris team has recently begun reaching out to insiders in the cryptocurrency industry, including some leading exchanges, stablecoin companies, and blockchain payment groups. While some have clarified that this is not primarily for fundraising purposes, it is more about establishing good relationships with the industry to pave the way for future regulatory frameworks.

However, Harris's shift has also raised some doubts. Republican Senator Bill Hagerty expressed skepticism, believing this is Harris's hasty reaction after seeing Trump succeed at the Bitcoin conference. He criticized the Biden-Harris administration for its extreme opposition to cryptocurrency in the past, arguing that Harris's current approach contradicts previous policies.

Why did Harris's winning probability on the prediction market Polymarket hit a new high?

Currently, whether Harris will publicly clarify her position on cryptocurrency will become an important factor influencing the direction of the U.S. elections. This development deserves ongoing attention.

TRUMP5.46%
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BlockchainGrillervip
· 08-18 11:18
Understood, I had long anticipated that Biden would step down.
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PaperHandsCriminalvip
· 08-15 15:29
Tsk, another digital game. Last month I also ran away at 44%, and as a result, the coin price rose by a factor of two.
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TeaTimeTradervip
· 08-15 15:23
Trump is behind? LOL, just this little bit away from winning?
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