Trump To Win New Hampshire GOP Primary In Landslide? What Crypto Bettors Are Predicting
Portfolio Pulse from Chris Katje
Former President Donald Trump is predicted to win the New Hampshire GOP primary with a 98% chance according to Polymarket, a cryptocurrency prediction market. Trump's strong position comes after winning the Iowa caucus and the withdrawal of candidates Ron DeSantis and Vivek Ramaswamy, who have since endorsed Trump. Nikki Haley remains in the race, but her odds are significantly lower. The New Hampshire primary betting has attracted over $4 million in wagers. DraftKings Inc's CEO expressed interest in political betting, which remains illegal in the U.S. The 2024 presidential election betting has reached $14.6 million, with Trump leading over Joe Biden.
January 23, 2024 | 12:24 am
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NEUTRAL IMPACT
DraftKings Inc's CEO has shown interest in political betting, which could expand the company's market if legalized in the U.S. The attention on Polymarket's political betting could indirectly highlight the potential for similar markets on platforms like DraftKings.
While the CEO of DraftKings has expressed interest in political betting, there is no immediate change in legislation that would allow this. Therefore, the impact on the stock is neutral in the short term, but it indicates potential areas for future growth.
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