Live Updates: Crypto and the 2024 U.S. Election
Up-to-the minute coverage on the presidential and congressional races and how they stand to shape crypto legislation and regulation from CoinDesk.
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US Elections
Up-to-the minute coverage on the presidential and congressional races and how they stand to shape crypto legislation and regulation from CoinDesk.
Just this week, in the run-up to Election Day, some big finance projects were announced — suggesting no worries about the road ahead.
It is Election Day in the U.S. At some point in the coming hours, days and weeks, we’ll know which major party wins control of the House of Representatives, the Senate and the White House. Presidential candidates Kamala Harris and Donald Trump might get most of the headlines, but which political party controls Congress probably means a lot in terms of how cryptocurrencies will be treated in the nation, especially in the short term.
“It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week,” one observer said, noting pricier puts on the CME.
The manipulation narrative is an attempt by mainstream media to discredit Polymarket’s election odds and control the narrative, one expert said.
How will Polymarket and Kalshi resolve their presidential bets if there’s another Jan. 6 or Bush v. Gore situation?
While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.
Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.
At current prices, a $10,000 punt on Harris could equal a $25,000 payout if she wins the U.S. presidential election.
Coinbase CEO Brian Armstrong (Coinbase)