Musk Vs. Zuckerberg Fight Has Crypto Gamblers Seeking 80% Returns On Potential Billionaire's Clash
Portfolio Pulse from Mehab Qureshi
Speculation over a potential Mixed Martial Arts showdown between tech moguls Mark Zuckerberg and Elon Musk has led to increased activity on blockchain-based betting platform Polymarket. Users are wagering on the outcome using USDC (CRYPTO: USDC), a stablecoin pegged to the U.S. dollar. If the fight does not occur before August 31, 2023, the market will resolve evenly at 50-50.
July 11, 2023 | 11:47 am
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POSITIVE IMPACT
Increased activity on Polymarket due to the potential Musk vs Zuckerberg showdown could lead to increased demand for USDC, potentially impacting its value.
The potential showdown has led to increased wagering activity on Polymarket, where bets are placed using USDC. This could lead to increased demand for USDC, potentially impacting its value in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100