The poll, which was conducted after retired Admiral William Adama joined the race as an independant, shows Palpatine with 34 percent of eligible voters, just slightly above Obama's 30 percent. The poll has a margin of error of +/- 3 percentage points.
Sen. John McCain came in third with 20 percent and the newcomer Adama pulled just 16 percent of respondants.
"To those people who said that a third party candidate could not beat the power of the Democratic and Republican machines, I have three words for you," Palpatine said. "Yes we can!"
The poll suggests that Palpatine was pulling crucial swing voters - particularly white males in their mid 30s to early 40s. Obama's lead remained strong among more educated voters and women.
The Obama camp was said to be reorganizing itself to fight back. DNC Chairmen Howard Dean said that one possibility was to balance the Obama ticket with a strong Vice Presidential candidate. Both Jabba the Hut, from Tatooine, and former Palpatine ally Boba Fett are considered strong contenders for the Obama ticket.
Political experts have speculated that part of Obama's problem may be that some voters are confusing him with Adama, despite their obvious political differences. CNN Anchor Wolf Blitzer was recently suspended for two days after referring to "Admiral Obama" on the air.
Adama said he was not concerned about his poor poll performance.
"I just entered the race two days ago," Adama said. "I'm in this for the long haul."
When asked if he thought that Palpatine could keep up his current momentum, the Senator's chief of staff, Anakin Skywalker, replied, "I find your lack of faith disturbing."