According to Polymarket, as of Tuesday night, former US President Donald Trump leads Democratic contender Kamala Harris by 16% in the next presidential contest. Trump has 57.9% of the odds according to the decentralized prediction market, while Harris has 41.8%.
There have been bets on the winner of the 2024 election totaling more than $1.92 billion thus far. Vice President Harris was in charge of the Ethereum-based platform for the majority of last month. However, Trump took the top slot back earlier this month, and the distance between them has only become wider.
Bernstein Analysts Questions Polymarket Data
According to FiveThirtyEight’s average national survey, Harris has a 48.5% lead over Trump, who is trailing at 46.1%. Analysts at Bernstein, however, noted that polls have generally understated Trump’s support.
Bernstein analysts speculated in a client note that Polymarket would choose the Republican candidate due to his tougher position on cryptocurrency. However, they discovered that consumers were more likely to cast bets based on probability rather than any personal prejudice.
At the same time, Donald Trump revealed on Tuesday that World Liberty Financial, the DeFi protocol he supports, sold more than 610 million tokens during its public sale, which began that morning.
Harris, on the other hand, has mainly been silent on cryptocurrency issues. She recently indicated her support for a legislative system geared at protecting Black men who invest in cryptocurrency as part of a new initiative to help the community acquire wealth.
Donald Trump’s World Liberty Financial Token Sales 644M Tokens
Former President Donald Trump took to X on Tuesday to announce some major news: the “World Liberty Financial token sale is now live.” He emphasized his excitement for the new business, calling cryptocurrency “the future” and urging people to embrace “this incredible technology.”
The current price for one WLFI token is $0.015. At 8:36 p.m. Eastern Time, 644.98 million tokens had already been sold. The Trump-supported enterprise aims to sell a total of 19.355 billion WLFI tokens.
The website accepts ETH, USDT, USDC, and wrapped ether (WETH) as payment methods. A visible notice at the top of the page reads: “The tokens in the U.S. token sale have not been registered under the United States Securities Act, any other law, or with any regulatory authority.”
World Liberty Financial does not consider the tokens to be securities, but they may only be sold to accredited investors as certified by Rule 506(c) of Regulation D under the Securities Act.”
Musk Pushes $75m into Pro-Trump Group
Elon Musk has put about $75 million over the last three months into a group he set up to support former President Donald Trump in his 2024 run as the Republican candidate. This spending revealed in a federal filing on Tuesday, shows just how involved Musk has become in Trump’s campaign as he faces off against Democratic candidate Kamala Harris in the November 5 election.
It’s also a reminder of the strong influence wealthy donors have in American politics. In a recent interview with Tucker Carlson, Musk explained that he started the group—a political action committee (PAC)—to back “the core values that I believe in.” The group, named America PAC, stands for values like secure borders, balanced budgets, safer cities, a fair justice system, free speech, and the right to self-defence.
Elon Musk’s $75 million investment and Donald Trump’s focus on digital assets like the World Liberty Financial token highlight the blend of political influence and tech-driven innovation shaping the 2024 race. As Donald Trump leads Harris in the polls, the role of new financial tools and big donors like Musk could significantly impact the election outcome.
