Republican Party Set for Congress Takeover with Trump’s Triumph

As Donald Trump claims victory in the 2024 U.S. Presidential Election, the Republican Party is on track to secure substantial gains in Congress.

Polymarket had shown overwhelming support for Trump’s win just before the results were finalized, with a striking 99% chance in his favor compared to 1% for Kamala Harris. Despite concerns about potential market turbulence, the impact of Trump’s win is already evident in various sectors, including the cryptocurrency market.

Alongside Trump’s presidential win, Polymarket data suggests that the Republican Party has a strong chance of taking control of the House, with a 92% probability of winning the majority of seats. This marks a pivotal shift in U.S. politics, as Republicans have already secured control of the Senate, something they haven’t achieved in the last four years.

As the vote count progresses, reports show Republicans leading in the race for House seats, with 193 victories compared to 173 for the Democrats.

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To secure control of the House, the party needs 218 seats, though it may take several days or weeks before the final outcome is determined. Early vote counts reveal Trump ahead with 51.2% of the total vote, while Harris trails at 47.4%.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.