Following last night’s presidential debate, US Vice President Kamala Harris’ odds of winning the November election have risen on crypto-based prediction platform Polymarket, putting her on par with former President Donald Trump.
Polymarket's $860 million market showed both candidates with a 49% chance of victory, a change from Monday, when Trump was ahead with 52%.
Cryptocurrency was not mentioned at all during the debate, which covered important issues such as the Gaza conflict and abortion rights.
However, Harris’ debate performance was favoured by Polymarket punters, with 94% believing she won, although official polls have yet to confirm this.
Harris’s ratings rose from 46% to 49%, while Trump’s dropped despite his consistent pro-crypto stance. Harris has been interested in the crypto sector recently, but has yet to solidify her position in the sector.
Bitcoin briefly rose above $58,000 before the debate but fell to $56,700 during the event. At the time of writing, it was sitting at $56,250.
Coins inspired by candidates like Super Trump (STRUMP) and Kamala Horris (KAMA) fell following the debate. According to CoinGecko data, STRUMP fell by 6.8%, while KAMA fell by 5.7%.
Peter Chung of Presto Research attributed these moves to Harris' better-than-expected debate performance, as the coin flips occurred shortly after the debate began.
But d'Anethan cautioned that these moves were due to short-term speculation and were likely temporary.
*This is not investment advice.