Trump Leads Biden By 15 Points In 2024 Presidential Election Crypto Prediction Market
Portfolio Pulse from Ivan Crnogatić
Former President Donald Trump leads President Joe Biden by 15 points in a 2024 presidential election prediction market on Polymarket. Trump's chances have increased to 55%, while Biden's stand at 40%. The market has seen $130 million traded, with Trump and Biden outcomes accounting for $15 million each. Polymarket recently raised $70 million in a Series B round. The news comes amid a potential policy shift towards the cryptocurrency industry, with Trump advocating for pro-crypto policies.
May 21, 2024 | 5:55 pm
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POSITIVE IMPACT
Ethereum's price could be positively impacted by the increased probability of an Ethereum ETF approval, which has risen from 25% to 75%.
The increased probability of an Ethereum ETF approval is likely to drive demand and investor interest in Ethereum, positively impacting its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80