As the United States prepares to determine its next president in elections to be held in two weeks, crypto markets are trending in favor of Trump. This trend, which stands out in prediction markets such as Polymarket, attracts attention with the significant investment of a large French investor. His crypto-friendly stance and promise to replace the SEC chairman make Trump the candidate supported in the crypto industry.
Polymarket and the Role of the Investor
As the US elections approach, a movement in favor of Trump is observed on the crypto-based prediction market Polymarket. Polymarket reported that this trend took shape when a large French investor invested a large amount. According to the statement made by the platform, it is stated that the investor did not manipulate the market and acted entirely in line with his personal views. Polymarket officials said, “As a result of our investigation, we concluded that this user was not trying to manipulate the market,” and emphasized that the investor’s actions took place under free market conditions.
Expectation of Change in the Crypto Industry
The crypto world continues to support Trump because he is perceived as a crypto-friendly candidate. Ripple 
$0.528099 CEO Brad Garlinghouse is one of those who support this approach. Speaking during DC Fintech Week in Washington DC, Garlinghouse stated that the US is approaching a crypto transformation process and the election will play an important role in this transformation. Garlinghouse stated that a win by Trump or Democratic candidate Kamala Harris would mean a break from the current “Biden administration’s failed crypto policies.” Garlinghouse also said, “Kamala Harris comes from Silicon Valley and generally has a pro-technology attitude. “No matter what happens, we will see a reset after the election,” he said.
Although recent polls show Harris with a 1.8% lead over Trump, crypto-focused prediction platforms like Polymarket paint a different picture in favor of Trump. The crypto industry believes that the regulations to be made during Trump’s presidency will have positive effects on the sector.
Possible Changes in Crypto According to Election Results
The US elections are expected to open the door to a major change in crypto markets. As Ripple CEO Garlinghouse stated, no matter who the winning candidate is, the possibility of a restructuring in crypto policies is on the agenda. In this context, investors and industry leaders hope that regulators will view crypto from a more supportive perspective.
Regardless of the outcome of the US elections, it is thought that a new era will begin in the crypto world.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
