- Kamala Harris’s odds on Polymarket have risen to 50%, while Trump’s have declined to 49%, reflecting a tight race.
- The withdrawal of Robert F. Kennedy Jr. and his apparent endorsement of Trump could impact the election dynamics.
Trump and Kamala are equally standing at the same win rate. Polymarket, the decentralised prediction platform, allows people to bet on their opinions. On a recent poll in the platform, there was a poll between Vice President Kamala Harris and former president Donald Trump. This was aimed to predict the winner of this coming November Presidential election.
Polymarket involves staking funds and the platform has amassed over $733M in the bet. On August 23rd, Polymarket in its official Twitter post reported that Kamala Harris’ odds were up 3%. Bet for Kamala raised from 46% to 50% gaining $84M bet this weekend. And the Trump graph is showing an 11% decline from 53% to 49%.
Candidate Robert F Kennedy Jr officially dropped out of the presidential race last week. RFJ Jr joined the stage with Trump appearing as the special guest at his Arizona rally. So this withdrawal of RFK was intended to endorse Trump in the upcoming election. People, especially crypto investors are excited to see the alliance of “Pro-crypto” influencers.
Polymarket is Not a Part of Gambling
In a recent discussion, Vitalik Buterin, CEO of Ethereum, addressed the common misconception surrounding Polymarket, a blockchain-based prediction market.
Buterin stated,
“Putting Polymarket into the category of gambling is a big misunderstanding.”
He emphasized that, unlike traditional gambling platforms, Polymarket is designed to gather collective intelligence and provide insights into real-world events through user predictions. Buterin pointed out that Polymarket operates on a decentralized network, ensuring transparency and minimizing the risk of manipulation.
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