Polymarket estimates Trump’s chances of winning at 96%

By the start of the second day of voting in the United States, Donald Trump’s chances of winning had soared to 96%, according to Polymarket. Against the background of the growing likelihood of the former head of America winning the presidential election, Bitcoin reached an absolute maximum

We tell you how things are in the United States at the beginning of the second day of voting and how the crypto market is reacting to Trump’s likely victory.

As of 07:50 (Moscow time), Trump’s chances of winning the US presidential election on the Polymarket forecasting platform soared to 96.4%. Only 3.5% of forecast market participants believe in the victory of his rival, Kamala Harris. Yesterday, on the first day of voting, Trump’s chances of becoming president were estimated at only 58.4%.

According to 270towin, Trump does not lead by that large a margin. According to the platform’s calculations, the Republican Party, which the ex-president represents, is only slightly ahead of Harris.

Consensus forecast of the outcome of the US elections. Source: 270towin

CNN also showsthat Donald Trump has come forward. According to the platform, Harris is leading in only a few states, including California and Illinois.

Preliminary results of the US presidential election. Source: CNN

Against the backdrop of Trump’s growing chances of winning, Bitcoin reached its absolute maximum value. As of the time of writing this review, BTC was trading at $74,326. At the moment, the cryptocurrency reached $75,011.

The growth of Bitcoin is largely due to the hopes of members of the crypto community for the implementation of Trump’s crypto initiatives. Let us remember that as part of his election campaign, the ex-president relied on supporting the development of the crypto industry. In particular, Trump proposes to protect the crypto community from regulatory pressure and create a Bitcoin reserve in the United States. Therefore, the ex-president is supported by many crypto investors.

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Source: Cryptocurrency

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