According to prediction bets on Polymarket, Vice President Kamala Harris seems to have won the first debate between presidential candidates yesterday. Neither of them mentioned crypto policy during the program.
Despite Harris’ performance, the Polymarket contract, which determines who will win the actual election, remains tied.
Harris’ campaign has called for another debate pitting the two against each other after the event concludes.
The vice president reported that Trump had forced the Biden administration to deal with a trade deficit that he described as “one of the largest in history.”
As was the case during Trump’s debate with President Joe Biden just before he dropped out of the presidential race, many, including CNN’s Daniel Dale, confirmed that Trump made more false statements than Harris. Trump claimed that immigrants were “eating dogs” in Ohio, but the Wall Street Journal confirmed that was not the case. Trump’s statement inspired new memes like EATING DOGS AND CATS on token launchpad Pump.fun.
Following the debate, musician Taylor Swift expressed support for Harris, saying that she was “fighting for rights and causes that need to be defended.”
The night, which started with the candidates shaking hands, was quite busy for Polymarket investors.
Investors even priced in the possibility of Harris and Trump shaking hands. At $360,000, 30% made a profit on the deal.
Bettors were highly skeptical that crypto or bitcoin would be mentioned throughout the evening, with the odds of that happening set at 26% for Trump and 14% for Harris.
A user named “Trumpisreal” won over $10,000 in USDC by correctly predicting that Trump would mention the words “Springfield” and “cat” in reference to debunked claims that Haitian immigrants in Springfield, Ohio, were eating pets. The debate moderator emphasized that city officials said there was no evidence of this happening.
On Harris’ side, the Democratic candidate’s mentions of “Project 2025” and “artificial intelligence” early in the debate yielded significant profits for investors.
Bettors are fairly confident (98%) that the polls will show Harris winning the debate. The winner of the convention will be clear once the results of the Ipsos/538 poll are released.
There are currently approximately $860 million worth of investments in contracts prepared for the presidential elections.