With more people betting on United States election victory in decentralized prediction markets, former President Donald Trump’s lead over Vice President Kamala Harris is growing.
Here are the latest updates from the crypto world.
With more people betting on United States election victory in decentralized prediction markets, former President Donald Trump’s lead over Vice President Kamala Harris is growing.
According to the leading prediction market Polymarket, Trump’s odds of winning the US presidential election have surpassed the bets on Harris’ victory by 13 points on Oct. 15.
The odds flipped in Trump’s favor on Oct. 4, marking a sharp reversal from September. By Oct. 12, Trump was leading by over 10 points, Cointelegraph reported.
Decentralized prediction markets could be more accurate in predicting the results of the election than traditional polling, as per the billionaire Elon Musk, who recently ramped up his support for the former Republican president.
For the crypto space, Trump is generally seen as a more innovation-friendly candidate, while some investors are concerned that a potential Harris presidency could stifle blockchain innovation through more restrictive regulations.
The real-world asset (RWA) tokenization sector has had a breakout year in 2024. It paved a significant way for growth through the end of the decade.
There could be an increase of 50-fold in the RWA tokenization sector by 2030, according to predictions from some of the largest financial institutions and business consulting firms compiled in a Tren Finance research report.
Most of the firms predict that the RWA sector could reach a market size of between $4 trillion and $30 trillion.
If the sector achieves the median prediction of about $10 trillion, it would represent more than 54-times growth from its current value.
These assets offer substantial growth potential, given that the sector is currently valued at $185 billion, including stablecoins.
Tesla, an electric vehicle maker has transferred its entire Bitcoin stash worth more than $765 million to several unknown wallets.
According to data from Arkham Intelligence, on Oct. 15, crypto wallets labeled as owned by Tesla moved the company’s 11,500 Bitcoin BTC tickers down $67,815 across 26 transactions, including test transfers.
The first test transfer was made on Oct. 15, and the wallet currently holds just $6.68 worth of Bitcoin.
Before the sudden batch of transfers, Tesla’s Bitcoin wallet had been dormant since June 17, 2022.