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.

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.