The current President of the United States , Joe Biden, dropped shocking news on July 22, announcing that he would give up the campaign and stated that he would support Vice President Kamala Harris to become the Democratic presidential candidate in 2024. After that, Harris within a week It quickly raised more than US$200 million in campaign funds, and the total fundraising in July reached an astonishing US$310 million, far exceeding Trump's campaign team and boosting the momentum of the Democratic Party.
Warning: The Polymarket gaming mechanism mentioned in this article is purely of a research nature. It is not recommended to participate in candidate betting involving election regulations in different countries. Gambling is illegal in most countries.
Polymarket: Harris overtakes Trump in polls
According to the latest data from Polymarket, U.S. Vice President Harris Harris's approval rating in the presidential election has surpassed that of former President Trump. Harris's approval rating has soared from 33% in the early days to 52% today, and the latest New York Times poll also It shows that in the key swing states (Michigan, Wisconsin and Pennsylvania), Harris' lead is gradually expanding.
Less than 100 days before the U.S. presidential election polling day, Harris Harris officially announced Minnesota Governor Tim Walz as her deputy candidate this week. With this announcement, Harris' electoral momentum immediately surpassed that of Republican candidate Trump and his running mate, U.S. Senator JD Vance.
Analyst: He Jinli’s election will be a major negative for the encryption market
If Harris is officially elected president of the United States, Ruslan Lienkha, an analyst at YouHodler exchange, said that before the US presidential election in November, if the probability of Harris defeating Trump continues to increase, the price of Bitcoin may be "negatively affected."
Cryptocurrency investors are watching incumbent Harris Harris’s strengthening odds on multiple online prediction markets as they view Harris’ potential victory as negative for Bitcoin. With Harris' victory, no major changes to the regulatory environment are expected, and the SEC may attempt to apply existing traditional financial frameworks to the cryptocurrency market.
In this regard, Wu Blockchain that Blockchain Colin Wu is also worried about the future policy direction of the cryptocurrency industry today (11th). He said that if He Jinli is elected as the President of the United States, the current Chairman of the U.S. Securities and Exchange Commission (SEC) may remain in office or Even promotion means that the continued strict enforcement of the cryptocurrency world may not be relaxed, and may even be further strengthened.
Crypto voters have limited impact and are mainly concentrated in Democratic districts
In addition, Colin Wu, Wu Blockchain about Blockchain, also said that the U.S. cryptocurrency community often claims to have 50 million currency holders, which seems to mean that Trump may have gained 50 million more voters.
However, the reality is that most cryptocurrency holders are mainly located on the east and west coasts of the United States, which are already Democratic Party vote bases. In an electoral system like the United States where one state wins and everyone takes it all, winning the support of cryptocurrency voters will have limited impact on votes. For Trump, it may be more important to attract donations from the industry.
