Although he still edges ahead, Donald Trump’s slim lead over Kamala Harris in the presidential race is narrowing, according to Polymarket data. The betting odds for the former president dipped from 66.9% down to 54% while Vice President Harris’ chances increased from 33.5% to 46.1%, as sentiment ahead of the Nov. 5 election shifted.
Polymarket, an Ethereum blockchain-based platform brings the functionality of a betting platform that lets users wager on real world outcomes using USDC, a stablecoin. Some of this, as we are talking about millions of dollars, *The Wall Street Journal* reports, is a huge bet from a bettor known as Théo who has put over $30 million on a Trump win.
Harris Leads Trump in Iowa as Crypto Policy Focuses
This shift follows a new Des Moines Register/Mediacom poll showing Harris leading Trump in Iowa by three points, after she trailed by four in September, when Trump led by four. Accurate pollster Ann Selzer confirmed Harris’s 47% support to Trump’s 44% among likely Iowa voters in a poll she pulled. The methodology in this poll is the same that Selzer used in 2016 and 2020, when Trump won Iowa, she told *Newsweek.*
Meanwhile, in related news, *The Daily Beast* published 2017 recordings of interviews of Jeffrey Epstein and author Michael Wolff, in which the Trump buddy opened up about his friendship with the president. Epstein was Trump’s associate for a decade until he died of apparent suicide last year while awaiting trial for child sex trafficking.
The campaign has now turned towards cryptocurrency policy. In May, Trump promised to support crypto at an event at Mar-a-Lago, and has accepted crypto donations for his campaign. In contrast, Harris has been more careful, saying in September she would back crypto out of a larger economic plan. Meanwhile, Ripple co-founder, Chris Larsen, stepped up to endorse her campaign, and donated more than $11.8 million dollars to her campaign, saying he felt she would bring a different approach to crypto than the current administration.
According to Bitcoin’s price fluctuations in the recent past, which now finds itself at $68,000 against the backend of political and market uncertainty, the chances are high that Bitcoin can bounce back. Bitcoin touches a bottom of $67,300 and rallies above $68,000, while Ethereum also dips to $2,400. The global crypto market cap has fallen by 1.95%, now at $2.28 trillion.
