Trump Guilty Verdict In Hush Money Trial? 76% Chance, Say Crypto Bettors On Prediction Market
Portfolio Pulse from Chris Katje
Crypto bettors on Polymarket predict a 76% chance of former President Donald Trump being found guilty in his New York criminal trial related to falsifying business records. The market has seen over $77,000 in bets. Another market predicts only a 14% chance of Trump being jailed before the 2024 election. Polymarket allows users to bet using cryptocurrencies like MATIC, USDC, and ETH.
May 29, 2024 | 3:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Polymarket, a prediction market platform, allows users to bet using Ethereum (ETH). The increased activity and interest in high-profile events like Trump's trial could drive more transactions and demand for ETH.
Polymarket's use of Ethereum for betting transactions means increased activity on the platform could lead to higher demand for ETH, potentially driving its price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Polymarket users can deposit using Polygon (MATIC). The platform's popularity and high-profile betting markets like Trump's trial could increase MATIC transactions and demand.
Increased betting activity on Polymarket, which accepts MATIC for deposits, could lead to higher transaction volumes and demand for MATIC, potentially boosting its price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Polymarket allows users to deposit using USDC. The platform's activity, driven by high-profile events like Trump's trial, could increase the use and demand for USDC.
As Polymarket accepts USDC for deposits, increased betting activity related to high-profile events like Trump's trial could lead to higher demand for USDC, potentially impacting its price positively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70