Joe Biden To Be Replaced In 2024 Election? Newsom Tops Democrat Wish List, Betting Odds, But Says 'We've Got To Have The Back Of This President'
Portfolio Pulse from Chris Katje
The first 2024 presidential debate saw Joe Biden struggling, leading to speculation about potential replacements like Gavin Newsom, Kamala Harris, and Michelle Obama. Warner Bros. Discovery (NASDAQ:WBD)-owned CNN aired the debate. Betting odds on Polymarket showed a decline in Biden's chances of winning the election.
June 28, 2024 | 6:57 pm
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POSITIVE IMPACT
Betting odds on Polymarket, which uses Ethereum for transactions, showed a decline in Biden's chances of winning the 2024 election. This could increase trading activity on the platform, potentially impacting Ethereum's price.
Increased trading activity on Polymarket, which uses Ethereum for transactions, could lead to higher demand for ETH, potentially driving up its price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Polymarket users can bet on political events using Polygon (MATIC). The increased betting activity due to Biden's declining odds could positively impact MATIC's price.
Increased betting activity on Polymarket, which uses Polygon (MATIC) for transactions, could lead to higher demand for MATIC, potentially driving up its price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Polymarket users can bet on political events using USDC. The increased betting activity due to Biden's declining odds could positively impact USDC's price stability.
Increased betting activity on Polymarket, which uses USDC for transactions, could lead to higher demand for USDC, potentially impacting its price stability.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Warner Bros. Discovery-owned CNN aired the first 2024 presidential debate, which saw Joe Biden struggling. This could lead to increased viewership and advertising revenue for CNN, positively impacting WBD's stock.
The airing of a highly anticipated political debate can drive significant viewership and advertising revenue for CNN, which is owned by Warner Bros. Discovery. This could positively impact WBD's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80