CandleFocus CHART: Crypto election markets and polls show very different odds
2024-10-29
Author: Content Editor
Cryptocurrency prediction markets like Polymarket and Kalshi are showing increasingly favorable odds for Donald Trump ahead of Kamala Harris in the US presidential election, while traditional polls display tighter or Harris-favoring odds. There is speculation over whether these new prediction markets are providing a more accurate prediction or if they are easily influenced by traders with large sums of money. Trump's efforts to court crypto voters, such as speaking at a Bitcoin conference and promising to protect cryptocurrency investments, have likely contributed to his favor among the crypto community. However, it is important to note that these crypto-friendly platforms have only existed for this election, whereas traditional pollsters show tighter odds. The actual election results will not be certain until the evening of November 5.
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