Key Points
- Vice President Kamala Harris is leading the Polymarket odds with 50% for the U.S presidential elections, with Donald Trump closely trailing at 49%.
- Trump’s World Liberty Financial (WLF) project is facing criticism, adding uncertainty to his presidential odds.
The latest Polymarket odds for the upcoming U.S presidential elections show Vice President Kamala Harris in a slight lead. The odds favor her with a 50% chance of winning, while Donald Trump is just behind with 49%.
Although the numerical difference is not significant, it is noteworthy as VP Harris has been trailing behind the former President on Polymarket for quite some time.
Impact of the Presidential Debate
Trump had been leading in Polymarket’s odds for several days. However, a shift occurred on 10 September during the first presidential debate between him and Harris.
The debate covered a range of topics, from the economy to immigration. Notably, cryptocurrencies were not discussed, despite high anticipation from the crypto community. Trump’s performance in the debate was considered underwhelming, with 99% of voters on the blockchain-based betting platform Polymarket favoring Harris.
Before the debate, Trump led with 53% of the projected votes, while Harris trailed at 45%. The race tightened significantly after the debate, with both candidates at 49%.
Trump’s Efforts to Improve Odds
To boost his presidential odds, Trump announced plans on 12 September to launch World Liberty Financial (WLF) on a live platform. The project, led by his sons, aims to embrace the future with crypto and leave the slow and outdated big banks behind.
However, the response to this plan was lukewarm, even from the crypto community.
In the past, Trump hinted that WLF will be a decentralized finance (DeFi) platform for borrowing and lending. He has been notably engaging with the crypto community, participating in Bitcoin conferences, accepting crypto donations, hosting NFT-themed dinners, and launching Bitcoin-related merchandise.
Despite his underwhelming debate performance, many in the crypto space still support him for U.S President.
There is a possibility that Trump could regain the top spot on the Polymarket charts once WLF goes live. However, recent criticism of the WLF initiative has raised concerns, particularly about potential conflicts of interest if he wins another term.
