Trump’s Chances in Presidential Race Dwindle, According to Prediction Platform

Donald Trump's chances of winning the U.S. presidential election have dropped to 54% in the Polymarket prediction platform from 72% in July.

This drop is due to the growing interest in Kamala Harris as a potential contender, with her chances increasing to 44%.

Harris’s chances have also improved in major polls, such as a Bloomberg survey that found she could win six of the seven swing states.

Despite the decline, Trump remains the preferred candidate in the crypto community due to his vocal support for the industry.

If re-elected, he has promised to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler, end the regulatory war on crypto, ensure that all remaining BTC is mined in the US, and make Bitcoin the country’s reserve asset. However, some of these promises are considered unrealistic.

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Harris’s position on cryptocurrencies remains unclear, though some stakeholders consider her unbiased.

Critics warn that her victory could harm the crypto industry, with the Securities and Exchange Commission likely to apply traditional financial regulations to the market under her stewardship.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.