Kamala Harris Odds Dip on Polymarket, Will She Lose the Elections?

Vice President Kamala Harris is facing a significant dip in her current standing in Polymarket betting odds. With only 39.4% projected voters in her favor and with 60.7% projected votes in favor of Trump, her campaigns appear to be struggling to gain traction among voters. This decline raises questions about her viability as a candidate and the effectiveness of her campaign strategies.

Harris slacks with 39.4% votes on Polymarket (Source: Polymarket)

Kamala Harris’s Received $1 Million in Donation from Chris Larsen

Harris’s campaign seemed to embrace the cryptocurrency sector, highlighted by a significant $1 million donation from Chris Larsen, co-founder of Ripple. This donation was notable as it marked one of the first documented cryptocurrency contributions to a presidential candidate. Larsen’s support aimed to enhance Harris’s appeal among tech-savvy voters and those invested in the crypto market. However, despite this financial backing, her odds have continued to dip.

The Crypto Policy

Kamala Harris has not yet articulated a detailed crypto policy but has expressed her supportive stance towards the industry. During a fundraiser, she emphasized the need for consumer protection while encouraging the adoption of cryptocurrencies, specifically mentioning their potential benefits for Black men. Her campaign is reportedly working with crypto advocates to develop more industry-friendly policies, reflecting a shift in the Democratic Party’s approach to cryptocurrency amid pressure from the Republican side. However, specifics on her policy proposals remain vague.

Her campaign teams seems to have understood the importance of the secret support from the crypto community in this election. This realization has led Kamala Harris to continuously make an effort in the same direction but everything seems to backfire at her.

From her vague agendas on the crypto policies to her previous anti-crypto stance, the crypto community remains uncertain about her approach which could also be one of the reasons of the dips that are being observed in the Polymarket bets.

Despite making such efforts, Vice President is still trailing far behind Trump. Harris will have to develop a robust and staunch strategy that addresses both her declining odds and growing popularity of Trump amongst the voters. With majority of the voters being members of the crypto community, Kamala Harris will have to engage with the community members and roll out a plan that would lead to growth within the sector or else there are high chances of Kamala Harris losing this election.

Also Read: CoinGecko Q3 Market Report: Bitcoin dominance shoots to 53%