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According to Polymarket, the world’s largest prediction market, Donald Trump, a pro-Bitcoin 
$106,492 candidate, leads Kamala Harris by 13% in the upcoming presidential elections.
Bitcoin Regulatory Criteria
It seems unlikely that Trump will secure over 55% of the votes, confirming the speculative nature of crypto prediction platforms. The Commodity Futures Trading Commission (CFTC) has challenged these platforms in court for this reason. In various polls, Harris appears to be slightly ahead of her competitor.
With the elections approaching quickly, scheduled for early November, crypto enthusiasts will likely experience more sleepless nights. Currently, Harris is the favored candidate, and the Democrats are intensifying pressure on cryptocurrencies despite the weeks left until the elections. This scenario forces crypto companies to consider relocating from the U.S. if Trump fails to win.
Ross Ulbricht’s Release
In this election, we are witnessing significant predictions for Bitcoin. While Trump promises more favorable regulations, Harris has maintained an aggressive stance towards the sector for four years without proposing any regulatory measures.
The Bitcoin community has long advocated for the release of Ross Ulbricht. His release could mark a significant step for the Bitcoin industry, with Trump being the only candidate promising to take action. Ulbricht, who developed the Silk Road platform, played a crucial role in Bitcoin’s recognition worldwide. He argues that he is unfairly held accountable for the crimes committed by others on the platform. Having received two life sentences plus an additional 40 years without parole, Ulbricht has become a topic of interest for Trump, who may see his release as vital following the elections.
In summary, the situation on Polymarket reflects Trump’s promising support for Bitcoin against Harris’s opposing stance. For the Bitcoin community, this election holds critical importance regarding regulations and Ulbricht’s fate.
