Kamala Harris, vice president supporters are urging her to take a more prominent role following President Biden’s faltering performance in the recent debate.

As of yesterday, traders from the rapidly growing crypto-based prediction market platform Polymarket reported that Vice President Kamala Harris’ odds of becoming the Democratic Presidential nominee this year more than quadrupled.

Democratic nominee 2024

On a Polymarket poll for the 2024 Democratic nominee, “Yes” shares for Kamala Harris becoming a Democratic Presidential Nominee the nod traded as high as 31 cents in the afternoon New York time, indicating a 31% chance, up from 7% earlier. The shares later retraced some gains and are currently trending at 37.9 cents a share, indicating a 35% chance. Each share pays out $1 (in USDC, a stablecoin pegged to the U.S. dollar) if the prediction comes true and zero if it doesn’t.

Officially, President Joe Biden remains the presumptive Democratic nominee. According to Polymarket, Biden’s “Yes” shares trade at 49 cents, which indicates a 48% chance. However, many supporters are urging him to step aside, with some advocating for Kamala Harris to step up after Biden’s faltering performance in last week’s debate with former President Donald J. Trump, the likely Republican nominee. On television, Tuesday, Rep. James Clyburn, D-S.C., said everything should be done to bolster Kamala Harrs’, whether in second place or at the top of the ticket.

Kamala Harris 2024 political insight

Former Congressman Tim Ryan, the first to endorse Biden in 2020, boldly states in a recent Newsweek op-ed that Kamala Harris should secure the Democratic nomination for the 2024 presidency. Echoing this sentiment, The Wall Street Journal analysis identifies Harris as the most probable successor to Biden.

On the prediction market platform PredictIt, bets favoring Harris surged, more than doubling to 35 cents. PredictIt operates under a U.S. regulatory exemption, while Polymarket remains sidelined due to a settlement with the Commodity Futures Trading Commission.

Polymarket, despite regulatory limitations, marked a historic trading day with $5.7 million in transactions, fueled by June’s record-breaking $100 million volume. The platform’s standout contract, amassing $211 million in bets, speculates on the 2024 U.S. presidency, where Trump maintains a 66% chance of victory.

In parallel developments, the meme coin KAMA, named after Vice President Harris, surged by over 100% within 24 hours to $0.007815 on Tuesday.

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