Kamala Harris emerged because the perceived victor over Donald Trump of their first US presidential debate, based mostly on insights from the decentralized prediction market Polymarket.
Though Harris’ debate efficiency boosted her possibilities, each candidates stay neck and neck in Polymarket’s betting contract for the general election end result.
This was the second debate of the 2024 election season and the primary one between Harris and Trump, with Harris’ marketing campaign advocating for a 3rd debate.
Do you know?
Wish to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer movies each week!
What’s NEO in Crypto? Chinese language Ethereum Defined (ANIMATED)
Polymarket bettors have been extremely engaged all through the occasion, which kicked off with an sudden second: a handshake between the 2 candidates. It was Trump’s first debate handshake since 2016, when he confronted Hillary Clinton. Earlier than the occasion, the possibilities of this handshake occurring have been positioned at solely 30%, with round $360,000 driving on the end result.
Bettors had set low expectations for any point out of crypto or Bitcoin (BTC) in the course of the debate, with odds at 26% for Trump and simply 14% for Harris. Their predictions have been spot on—whereas the controversy included segments on the economic system, it didn’t contact on matters like cryptocurrency, expertise, or monetary insurance policies.
Customers present excessive confidence that Harris will emerge as the controversy’s winner, with a 99% likelihood that polls will declare her the victor. Moreover, they’ve positioned a 59% likelihood that Harris would change into the favourite in Polymarket’s election contract the day after the controversy.
Total, betting on the 2024 presidential election has reached a complete of practically $860 million, reflecting how intently watched and contentious this race has change into.
In different information, the Trump household has revealed the objective of its upcoming undertaking: to advertise decentralized finance and US dollar-pegged stablecoins.
Gode is a Web3 Market Analyst who researches a very powerful business occasions and interprets how they have an effect on the broader Web3 area. Her formal training in media tradition & digital rhetoric permits her to make use of a methodical method to evaluating important Web3 information information, together with large-scale occasions and the broader social sentiment throughout the ecosystem.Gode is a mutilingual skilled, having studied in a number of universities all throughout Europe. This enables her to have a one-of-a-kind alternative to research Web3 social sentiments spanning totally different cultures and languages and, in flip, develop a a lot deeper understanding of how the Web3 area is rising inside totally different communities. With the remainder of her staff, Gode works to establish essential crypto information patterns and supply unbiased and data-driven data.Gode’s passions embrace working and speaking with folks, and when she’s not researching Web3 information, she spends her time touring and watching true crime documentaries.
