Kamala Harris’s chances in the 2024 election dip on Polymarket after her economic plans face criticism, leading to a closer race with Donald Trump.
United States, Bollywood Fever: In a surprising turn of events, Vice President Kamala Harris, who had been leading in the 2024 presidential race against former President Donald Trump, has seen her odds decline following the rollout of her economic plans.Â
Over the past 72 hours, Harris’s chances on the predictions market Polymarket have dropped by four percentage points, while Trump’s odds have risen by the same margin.
Harris’s proposed economic policies, particularly her plan to combat “price gouging” to lower food costs and a $25,000 government credit for first-time homebuyers, have sparked significant controversy.
These announcements seem to have contributed to her declining popularity, as voters and critics alike express concerns about the potential impacts of her policies.
Before these policy announcements, Harris held a 54% to 45% lead over Trump on Polymarket as of August 15. However, by August 18, at 11:13 a.m. EDT, the two candidates were neck and neck, each with a 49% chance of winning, according to the predictions market.
The shift in odds quickly generated buzz on social media, with users debating the implications of Harris’s economic proposals.
The backlash was further fueled by former President Trump, who shared a provocative image depicting Harris delivering a speech to a room of communists, accompanied by hammer-and-sickle red flags.
Media outlets like the New York Post joined in, labeling her economic ideas as “Kamunism” and criticizing her price control proposal.
Even typically left-leaning media such as CNN and the Washington Post criticized Harris’s plans. CNN aired a segment warning that price controls could lead to shortages and other negative consequences, while the Washington Post published an opinion piece questioning the wisdom of proposing price controls in the current political climate.
Despite the criticism, Harris briefly regained a slight edge, with Polymarket showing her at 50% and Trump at 49% by 2:06 p.m. EDT. However, the close race highlights the volatility of the 2024 election and the impact of policy proposals on voter sentiment.
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