Live Updates: Crypto and the 2024 U.S. Election
Top traders on Polymarket project Kamala Harris will win 276-251 electoral votes, while the overall market predicts Donald Trump winning 287-262. Jaret Seiberg argues a divided Congress could lead to stable, bipartisan crypto legislation, as the current Senate is narrowly controlled by Democrats and the House has a slim majority. Polling analyses from 538 and Nate Silver indicate the presidential election outcome is uncertain, with Harris slightly favored in simulations but within margins of error. Crypto PAC Fairshake has focused on congressional races, spending $169 million, and aims to elect crypto-friendly candidates. In Ohio, Fairshake targets Senator Sherrod Brown, a crypto skeptic, while supporting Republican Bernie Moreno. The crypto industry awaits election results that could impact future legislation. Prediction markets show Trump leading, with Polymarket giving him a 61.7% chance of winning.
