[Music] [Music] kamla Harris's election odds increase on poly market after Tuesday night debate Donald Trump election kamla Harris as of now Harris and Trump are locked in a tie each holding a 49% probability of Victory last updated September 11th 202 for at 1114 GMT author ruamin hak shanas author ruhulamin hak shanas about author ruamin hakas is a contributing crypto writer for crypto news he is a crypto and finance journalist with over four years of experience ruolan has been featured in several high-profile crypto author profile share copied last updated September 11th 2024 at 11:14 GM 3 why trust Crypton WS with over a decade of crypto coverage Crypton WS delivers authoritative insights you can rely on our veteran team of journalists and analysts combines in-depth market knowledge with Hands-On testing of blockchain Technologies we maintain strict editorial standards ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects our long-standing presence in the industry and commitment to Quality journalism make Crypt news a trusted Source in the dynamic world of our digital assets read more about crypto news Viv ramaswami talks kamla Harris and crypto ahead of the 2024 presidential election vice president Kamala Harris's chances of winning the upcoming US presidential election have surged on poly Market following her debate with former president Donald Trump on Tuesday night as of now Harris and Trump are locked in a tie each holding a 49% probability of Victory on poly Market's 860 million prediction Market Tuesday's debate the first and likely the last between Harris and Trump before the November election touched on key National issues such as the war in Gaza and abortion rights crypto absent from debate notably cryptocurrency was absent from the topics of discussion despite growing interest in its potential or regulation despite this betters on poly Market gave Harris a significant Advantage with 94% believing she won the debate although official polls are yet to be released in the 24 hours leading up to the debate Harris's odds on poly Market Rose from 46% to 49% while Trump slipped from 52% to 49% Trump has been outspoken about his support for the cryptocurrency sector whereas Harris while engaging with the industry has not yet taken a definitive stance on the matter bitcoin's price mirrored the unfolding debate experiencing a slight fluctuation in the hours leading up to the event Bitcoin briefly climbed above $58,000 but as the debate progressed it dipped to around $56,700 it has since stabilized at $ 56,7 N7 Justin dethan head of APAC business development at crypto Market maker kyrock observed that the crypto Market did not react significantly to the debate he noted that Bitcoin behaved like a typical risk asset moving in line with tech stocks and other equities denan added that Bitcoin is awaiting a more concrete Catalyst such as a shift in Federal Reserve policy or a significant political development to trigger a substantial price movement meanwhile potify tokens tied to Trump and Harris saw mediate reactions during the debate Trump link token super Trump strump with a market cap of $13.8 million dropped 6.8% while Kamala Horus Kama declined 5.7% according to data from coin gecko Maga Trump also saw a slight decrease of0 2% Bloomberg to integrate poly Market election odds into terminal earlier this month leading financial data and news service provider Bloomberg LP revealed that it aims to incorporate election odds data from the crypto betting platform poly Market into its widely used terminal poly Market a blockchainbased prediction Market operating on the polygon network has become a prominent platform for tracking realtime election odds the platform allows users to bet on a wide range of event outcomes leveraging transparent on chain data and smart contracts for trade execution and payouts according to Dune analytics poly markets trading volume for August approached $450 million with nearly $760 million bet on the outcome of the US presidential election as of late August last month five United States senators and three House Representatives called for a ban on betting activities linked to the upcoming 2024 presidential election the bipartisan group consists of prominent figures such as Senators Jeff Merkley Richard Blumenthal Elizabeth Warren and representatives Jamie Rasin and John sarain among others the group expressed concerns over the possibility of billionaires leveraging large Wagers to sway election outcomes thereby eroding public trust in the Democratic process follow us on Google News [Music]