Former US President Donald Trump has maintained a comfortable lead against Democrat candidate and VP Kamala Harris with 230 electoral votes at the time of publishing of this report. The gap gets wider on Polymarket, a blockchain-based prediction platform, where Trump is seated at a staggering 96.6% against arch rival Kamala.
On Polymarket, Donald Trump is currently projected to have a massive 96.6% chance of winning the presidential race, reflecting a strong market consensus for his victory. Polymarket’s outlook has gained traction among Trump supporters, signaling a significant level of enthusiasm and belief in his ability to secure the White House.
Meanwhile, Republicans have already scored an early victory in the congressional races, flipping a formerly Democratic-aligned Senate seat in West Virginia with the election of Governor Jim Justice.
H.E. Justin Sun, founder of Tron, highlighted the disconnect between mainstream media’s cautious approach and market sentiment regarding the U.S. election outcome. While media outlets report it’s “too early to call,” platforms like Polymarket indicate a strong lead for Donald Trump, with market participants seemingly confident in his victory.Â
Amid these political developments, the cryptocurrency market is also experiencing a bull cycle, with Bitcoin reaching a new all-time high above $74,900 on November 6.Â
Traders closely watching the election results are seeing potential market impacts, as a Trump administration could mean more deregulation and a friendlier policy environment for crypto.Â
Also Read: Trump’s Winning Odds Drop as Harris Gains Ahead of 2024 Election
