Kamala Horris (KAMA) is the biggest gainer among PolitiFi meme coins as Democrats plan another crypto-related meeting. It reflects sentiment on Polymarket, where Kamala Harris continues to widen the gap against Donald Trump on the predictions market.
As the November elections countdown continues, Democrats show commitment to reset their relationship with crypto. However, the de facto party leader’s stance remains ambiguous.
Democrats Plan Crypto For Harris Town Hall
The “Harris crypto reset” campaign has another Town Hall meeting on Thursday. This is after what could be deemed a successful meeting with crypto leaders last week. Nevertheless, despite showing all this commitment to resetting Democrats’ relationship with the crypto community, Kamala Harris’s stance on crypto policy remains unknown.
“Based on the conversations I’ve been having with Dems (in industry and government) regarding the Harris crypto reset, it seems that her campaign staff have been putting in the leg work with meetings. But there’s only so much that can be said and done because no one knows what Kamala Harris herself is thinking re crypto policy,” Fox Business reporter Eleanor Terrett shared.
According to Terrett, her conversations paint the meetings as “friendly” and “a positive first step.” Democrat representatives present as “receptive but non-committal.” However, amidst this push, it would be better if Harris could articulate her thoughts on digital asset policy. One area of interest would be who she’s planning to recruit as economic advisers.
Read more: How Can Blockchain Be Used for Voting in 2024?
Notably, Harris was absent from the Washington meeting hosted by Congressman Ro Khanna. Additionally, her choice of running mate, Tim Walz, wasn’t the most popular among crypto voters. Despite this, the odds remain in her favor on Polymarket, where she continues to lead the Republican frontrunner, Donald Trump.
Donald Trump vs Kamala Harris Winning Odds: Source Polymarket
If Polymarket odds are anything to go by, the Harris camp is still stealing Republican thunder. However, the debate over Polymarket’s accuracy in reflecting true political sentiment cannot be ignored.
“Someone explain to me how Polymarket is an accurate measure of political sentiment when it’s a crypto platform and the users are massively biased against one political party? Am I being naive or are a lot of you ignoring this important data point,” BoredElon Musk asked his 1.6 million followers on X.
Still, the user acknowledged the sentiment reflected in the prediction market, basing this perspective on the amount each participant wagers in the bets.
“See I think enough people don’t care about the $50 bet they put in. They want to make a point and manifest who they want to win or lose regardless of the monetary outcome. Money on the line only matters if it’s an amount you really care about. Otherwise, it’s play money,” BoredElon Musk added.
Read more: Crypto Regulation: What Are the Benefits and Drawbacks?
Meanwhile, while Polymarket remains a subject for discussion, PolitiFi tokens continue to reflect short-term or prevailing market sentiment. KAMA is the biggest gainer among PolitiFi meme coins, rising 10% since Wednesday’s session opened.
On the other hand, Trump-inspired meme coins are sinking while Jeo Boden pushes to catch up on Kamala Horris. The gains reflect anticipation for the Crypto For Harris Town Hall meeting on Thursday.
