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Market News

Harris Overtakes Trump in Polymarket After Debate Results

This sentiment also affected PredictIt, where Harris’ odds climbed to 56 cents from 53 cents on Monday.

Written By:
Dishita Malvania

Reviewed By:
Dhara Chavda

Last updated: September 12, 2024 9:41 PM
Published 2024-09-12
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Harris Overtakes Trump in Polymarket After Debate Results

Kamala Harris is now leading Donald Trump in the U.S. presidential race on Polymarket, a decentralized prediction platform. Harris’ chances of winning the upcoming election surged to 50%, just ahead of Trump, who stands at 49%. 

This shift came after a recent presidential debate, where Harris briefly tied with Trump on Polymarket at 49%, but she regained the lead shortly after.

Presendential election winner 2024

The debate turned into a “sell-the-news” event, causing many to pull back on their riskier bets, as Trump’s performance didn’t impress. This sentiment also affected PredictIt, where Harris’ odds climbed to 56 cents from 53 cents on Monday, while Trump’s fell to 47 cents.

While cryptocurrency wasn’t mentioned in the debate, it’s been a hot topic in this election. Harris’ team has been reaching out to the crypto industry, and Trump has been vocal about his support for Bitcoin.

Polling data mirrors these odds. Harris was widely seen to have won the debate. A YouGov poll of over 2,000 voters showed 54% thought Harris won the debate, while only 31% backed Trump. A CNN poll had similar results, with 63% of debate watchers saying Harris performed better.

On Polymarket, Harris’ chances of winning the debate according to polls shot up to 99%. The U.S. election remains the platform’s largest market, with a trading volume of over $892 million.

Also Read: Ripple Executive Chris Larsen Supports Kamala Harris

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
Follow:
Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
Follow:
Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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