Kamala Harris Power Surge: Political Meme Coins Soar 7% as Betting Odds Outpace Trump

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Political meme coins surged over 7% in the last 24 hours as Polymarket odds in favor of Kamala Harris winning the 2024 Presidential Election surpass Donald Trump bets.

Kamala Harris just took the lead. pic.twitter.com/ULNFB8dvNg
— Polymarket (@Polymarket) August 9, 2024

An Aug. 9 X post by Polymarket shows that bettors on the decentralized platform see a 49% chance of Kamala Harris winning the White House this election. Meanwhile, the platformâ€™s users predict a 48% chance of a Trump victory.

Kamila Harris Moves Ahead of Donald Trump in Polls After VP Pick

In recent national head-to-head polls, SurveyUSA showed Harris leading Trump by three points at 48%-45%; Morning Consult gave her a four-point lead at 48%-44%; YouGov and CBS News reported a one-point advantage for Kamala Harris at 50%-49%; and the University of Massachusetts Amherst poll put her ahead by three points at 46%-43%. These results were generally within the margin of error.

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Tatishe Nteta, a professor of political science and director of the UMass Amherst poll, highlighted a significant trend: a seven-point shift toward the Democrats since January, when Trump held a four-point lead over Joe Biden.

“For weeks after the first presidential debate in June,” Nteta noted, “Democratic donors, prominent officials, and media figures argued that President Joe Biden faced slim chances of defeating former President Donald Trump and called for Biden to step aside.

Positive Favorability Ratings

Harris also received encouraging news from The Hill, which, in its “ultimate hub for polls, predictions, and election results,” showed her with a positive favorability rating for the first time following a sharp increase since mid-July, when Biden stepped down.

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However, as expected, August polls from the seven battleground states where the election is anticipated to be decided provided a more varied picture.

In August, Public Policy Polling, a Democratic firm, found Kamala Harris up by one point in Georgia but trailing Trump by two points in Arizona and one point in Pennsylvania. Trafalgar/Insider Advantage, a right-leaning group, showed Trump ahead by two points in Georgia.

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Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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