Trump loses lead on Polymarket after debate with no mention of crypto or Bitcoin

The archetypal statesmanlike statement betwixt Donald Trump and Kamala Harris connected Sept. 10 did not see immoderate treatment of crypto oregon Bitcoin, adjacent erstwhile the treatment covered the economy. The candidates focused connected accepted topics specified arsenic overseas policy, immigration, and termination rights.

Prior to the debate, Trump held a flimsy lead successful prediction markets. On crypto-based Polymarket, Trump’s likelihood were astatine 53% compared to Harris’ 46%. However, post-debate, some candidates are tied astatine 49% each connected Polymarket, a seven-point swing. On PredictIt, a non-crypto marketplace disposable successful the US, the displacement was much pronounced, with Harris’ likelihood rising to 56% and Trump’s falling to 47% aft the debate. Harris has besides taken a flimsy pb connected traditional betting sites.

Polymarket US predetermination likelihood (Polymarket)

The debate’s result appeared to negatively interaction Bitcoin’s price. Following the event, Bitcoin’s worth dropped by astir 3%, falling from astir $58,000 to $56,600. It has since recovered to implicit $57,000 arsenic of property time. This diminution coincided with Trump’s decreased likelihood successful the prediction markets.

It’s worthy noting that Bitcoin had already experienced a important 8% drop connected Sept. 6, erstwhile Trump had his largest pb crossed Polymarket and closest likelihood connected PredictIt. This suggests that Bitcoin’s terms movements are inactive influenced by factors beyond conscionable the statesmanlike race.

Despite the deficiency of nonstop treatment astir crypto during the debate, the market’s absorption indicates that investors and traders are intimately watching the election’s developments and their imaginable implications for the crypto industry. Trump has expressed support for the crypto sector, portion Harris has not yet intelligibly articulated her stance connected integer assets, leaving crypto retired of her argumentation documents.

The station Trump loses pb connected Polymarket aft statement with nary notation of crypto oregon Bitcoin appeared archetypal connected CryptoSlate.