Former President Trump leads Harris by 10 points – Polymarket
Former President Donald Trump currently leads Vice President Kamala Harris by 10 points on the Polymarket forecasting platform — the biggest change in betting odds since September.
According to the latest Polymarket data, Trump currently has a 55% chance of being in the Oval Office in November, compared to Harris' 45% chance.
The former president overturned Harris' lead in 4 of 6 swing states and now leads in Arizona, Georgia, Michigan and Pennsylvania – Arizona and Georgia representing the GOP candidate's widest margin of victory.
Current 2024 Election Odds. Source: Polymarket
CNBC's Jim Cramer predicts a Harris victory
With Trump slowly overtaking Harris in the polls, CNBC's Jim Cramer predicted Harris would win the 2024 presidential election in an Oct. 11 statement.
“I don't see how Donald Trump is going to win,” said the televised host. Cramer's prediction sent shock waves through social media due to a phenomenon known as the ‘inverse Cramer effect'.
The reverse Cramer effect is well-known among cryptocurrency traders and Cramer has stated that no matter what prediction he makes, the opposite will come true.
Source: Wall Street Silver
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Trump's public relations efforts to court crypto voters
Trump's growing chances at Polymarket are to win over crypto voters from the former president's massive public support for the crypto industry.
On September 18, the GOP candidate used Bitcoin (BTC) to buy a burger at a New York bar. The campaign event followed Trump's announcement of the launch of Global Freedom Finance – a decentralized finance project – with an indigenous token.
This announcement became a double-edged sword that generated mixed reactions from the crypto community. “I think it would really hurt Trump's chances, especially if he was hacked,” argued journalist Nick Carter.
The veteran journalist continued, “It's going to be the juiciest DeFi target ever, and it's actually coming from a hacked protocol.” However, other industry experts believe that the outcome of the 2024 presidential election will have no impact on the price of Bitcoin or the adoption of cryptocurrencies.
Dan Tapiero – the founder of 10T Holdings – recently predicted that the price of Bitcoin will reach $100,000 regardless of which candidate wins in November.
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