Polymarket Election Activity Hits Record High as Harris Odds Tie Trump at 49% After US Presidential Debate

Last night's US presidential debate sparked user activity in the Polygon-based prediction market Polymarket, as the weekly percentage of election-related

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Last night’s US presidential debate drove user activity in the Polygon-based prediction market Polymarket, as the weekly percentage of election-related users reached an all-time high of 72.8%. The previous record was registered in the July 15th week, at 70.7%, according to a Dune Analytics dashboard by Richard Chen.

Vice President Kamala Harris’ odds on Polymarket to win the US presidential elections tied with former President Donald Trump at 49% following last night’s debate. For brief periods on Sept. 11, Harris took the lead by 1%.

Harris gained 3% of Trump’s odds, and the bets on a favorable outcome for the Democrats’ representative surpassed $116 million. Trump still holds a lead in bets, with over $133 million destined for the outcome involving the former president winning the election.

Moreover, possibly due to a lack of remarks related to crypto, Bitcoin’s (BTC) price fell up to 3% during the debate duration. It recovered slightly and now BTC is down by 0.8% over the past 24 hours, which is not a staggering price variation in current market conditions.

Lazy September followed by an explosive Q4

The trader who identifies himself as Rekt Capital highlighted on a Sept. 11 X post that Bitcoin usually starts an upward movement within 150 to 160 days after its halving, which is a period that ends in the next two weeks.