The impact of crypto in the US elections: Donald Trump leads in the polls with the support of Elon Musk.

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The decentralized prediction platform Polymarket has witnessed an unexpected development in the 2024 U.S. presidential elections. Former President Donald Trump has reached a 50.6% chance of winning, surpassing current Vice President Kamala Harris. This result, differing from trends in traditional polls, highlights the potential impact of the cryptocurrency world on political predictions.

Polymarket Data Differs from Traditional Polls

Polymarket, a decentralized prediction market built on blockchain technology, presents intriguing data for the 2024 U.S. presidential elections. The platform shows Donald Trump's winning probability at 50.6%, while this rate remains at 48.4% for Kamala Harris.

These results differ from traditional polling methods; in the New York Times' national poll average, Harris has 49% and Trump has 47%. This discrepancy between Polymarket's predictions and traditional polls opens up discussions about the potential role of blockchain-based prediction markets in political analysis.

Elon Musk drew attention to Polymarket's data. In a statement on the X platform, Musk commented, "Trump is currently ahead of Kamala by 3% in the betting markets. Since real money is involved, it's more accurate than polls." This statement adds a new dimension to the discussions about the reliability of crypto-based prediction platforms.

Musk's support was not limited to these words. The tech billionaire attended Trump's rally in Butler, Pennsylvania, on Saturday. Musk attracted attention by wearing a hat that read "Make America Great Again." He expressed that Trump is the only presidential candidate who will "protect democracy in America."

Cryptocurrency has emerged as a significant topic in the 2024 presidential elections. Trump has repeatedly made his support for cryptocurrency, NFTs, and decentralized finance (DeFi) clear. On the other hand, after a long silence, Harris stated last month that she aims to promote growth in the field of digital assets.

As the U.S. presidential elections on November 5, 2024, approach, the cryptocurrency world is also becoming more active. Developments on Polymarket, Elon Musk's statements, and the candidates' crypto policies are increasing the importance of digital assets in the elections. The crypto sector is eagerly awaiting how the election results will affect its future.