Democratic Presidential candidate Kamala Harris has overtaken Donald Trump on the prediction market Polymarket. Harris’ odds are at the moment at 50%, and Trump’s are at 49%. The wager on who the subsequent occupant of the White Home shall be is the platform’s largest betting pool, with over $547 million at stake.
Because the presidential race between Trump and Harris intensifies, a brand new advocacy group referred to as “Crypto4Harris” has emerged to rally help for Harris.
Reportedly backed by Democrats, the advocacy group is bolstering her marketing campaign and pushing for a pro-crypto stance.
“A group of industry leaders, policy experts, and everyday crypto-enthusiasts are organizing to back Harris while pushing for a nuanced policy stance that positions America as a leader in digital assets,” the group wrote on X.
On August 15, “Crypto4Harris” will host a digital city corridor assembly. Audio system embrace billionaire entrepreneur Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and a number of other Home Democrats.
“I’m looking forward to speaking at the Crypto4Harris virtual town hall next week! As Democrats and Kamala Harris supporters, we want to encourage innovation and protect consumers,” tweeted Rep. Wiley Nickel. “Allowing crypto to become a political football is only going to set the US further behind.”
This city corridor will concentrate on supporting Harris’s marketing campaign and selling fundraising efforts.
Harris’ Stance on Digital Property
Whereas Harris has but to make a public assertion relating to crypto, she declined an invite to the Bitcoin2024 convention, which Trump attended, in accordance to Bitcoin Convention CEO David Bailey.
Nevertheless, Mark Cuban stays optimistic about her stance on crypto. In a July interview with Politico, Cuban revealed that Harris’ marketing campaign had reached out to him with questions on cryptocurrency.
“The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto and government as a service,” Cuban informed Politico. “Changing the policies changes the message and lets everyone know she is in charge and open, literally, for business.”
Harris’ marketing campaign has lately onboarded two former crypto advisers — David Plouffe from Binance and Gene Sperling from Ripple.
Democrats Eye Crypto Vote
Jake Chervinsky, Chief Authorized Officer at Variant Fund, prompt on Sunday that the Democratic Social gathering has an enormous likelihood to win again a good portion of the cryptocurrency vote now that Biden is out of the working.
“It’s clear that crypto will play a major role in this election. Recent swing state polling shows that 1 in 5 registered voters view crypto as a major issue, and nearly 1 in 2 agree that they ‘don’t trust candidates that interfere with crypto,’” Chervinsky mentioned.
Trump actually has a head begin in gaining help from the crypto group. On the latest Bitcoin2024 convention in Nashville, he raised over $25 million and promised to ease rules on digital property if elected. He even vowed to hearth SEC Chairman Gary Gensler on his first day in workplace.
