Former U.S. President Donald Trump leads Kamala Harris in betting odds for the 2024 presidential election, with a 16% lead on the decentralized prediction market platform, Polymarket.
Despite traditional polls showing Harris ahead, historical biases may affect predictions and underestimate Trump's support.
Analysts caution about potential bias in favor of Republican candidates on Polymarket, but note that users base bets on perceived probabilities.
Trump announced support for a DeFi protocol, while Harris focuses on establishing a regulatory framework for protecting Black men investing in cryptocurrency.