Republican presidential candidate Donald Trump has positioned himself ahead of Democrat rival Kamala Harris on Polymarket following a powerful speech alongside billionaire Tesla CEO Elon Musk.
Current data indicates that Trump holds a 50.8% likelihood of winning the upcoming U.S. elections, while Harris is at 48.4%.
The betting volume on the November presidential election has skyrocketed to $1.35 billion, with Trump leading at $318 million and Harris at $258 million.
During his remarks on October 5 in Butler, Pennsylvania, Trump suggested the possibility of freeing Ross Ulbricht, the founder of Silk Road, from incarceration. However, neither he nor Musk directly addressed the cryptocurrency sector.
Musk emphasized the importance of voting in the upcoming November elections, asserting that “if you don’t, this will be the last election.”
In a recent development, venture capitalist Ben Horowitz, who initially backed Trump before President Joe Biden entered the race, has redirected his support toward Harris. Horowitz announced plans to make a significant donation to Harris’ campaign, expressing optimism that her technology policies would benefit sectors such as cryptocurrency and artificial intelligence.
In the aftermath of the Trump and Musk speech, the cryptocurrency market experienced notable bullish momentum, with the global market cap increasing by 1.7% in the last 24 hours, currently valued at $2.31 trillion.
