Trump To Dominate Super Tuesday Over Haley? Crypto Bettors Picking States He'll Do The Best, Worst
Portfolio Pulse from Chris Katje
Former President Donald Trump is leading in the GOP nomination for the 2024 presidential election, with recent primary wins boosting his odds against Nikki Haley. Crypto bettors on Polymarket are actively placing wagers on states Trump is likely to win or lose during Super Tuesday, with significant attention on states like Oklahoma, Alabama, Tennessee, and Texas for potential big wins. Polymarket users utilize cryptocurrencies like MATIC, USDC, and ETH for betting, with recent polls indicating Trump's strong lead in several key states.
March 01, 2024 | 9:46 pm
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POSITIVE IMPACT
ETH is an option for depositing on Polymarket for election betting, which could lead to increased usage and interest in ETH in the short term.
ETH being an option for deposits on Polymarket for betting purposes may lead to increased transactions and interest in ETH, potentially affecting its short-term price positively due to the increased activity.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Polymarket users deposit to the platform using MATIC for betting on election outcomes, indicating increased usage and potential short-term interest in MATIC.
The use of MATIC for depositing on Polymarket for election betting could lead to increased transactions and visibility for MATIC, potentially affecting its short-term price positively due to heightened activity and interest.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
USDC is used alongside MATIC and ETH on Polymarket for election betting, potentially increasing its circulation and visibility in the short term.
With bettors using USDC for transactions on Polymarket, the increased usage for betting on election outcomes could lead to a short-term increase in its circulation and visibility, potentially impacting its price positively.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70