2024 Election Betting Odds React To Biden Debate Disaster: Trump Odds Hit All-Time High, Kamala Harris Soars
Portfolio Pulse from Chris Katje
The first 2024 presidential debate has led to increased calls for President Joe Biden to step down, causing volatility in betting and prediction markets. Biden's poor performance and concerns over his age have resulted in a significant shift in betting odds, with Donald Trump emerging as a stronger favorite. Prediction markets like Polymarket have also seen a surge in activity, with Trump's odds increasing and Biden's decreasing.
July 05, 2024 | 2:59 pm
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POSITIVE IMPACT
Ethereum (ETH) is used on Polymarket for betting on political outcomes, including the 2024 presidential election. Increased activity on Polymarket could drive demand for ETH.
Polymarket allows users to bet using Ethereum, and the surge in political betting activity could increase demand for ETH, potentially driving up its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Polygon (MATIC) is used on Polymarket for betting on political outcomes, including the 2024 presidential election. Increased activity on Polymarket could drive demand for MATIC.
Polymarket allows users to bet using Polygon, and the surge in political betting activity could increase demand for MATIC, potentially driving up its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
USDC is used on Polymarket for betting on political outcomes, including the 2024 presidential election. Increased activity on Polymarket could drive demand for USDC.
Polymarket allows users to bet using USDC, and the surge in political betting activity could increase demand for USDC, potentially driving up its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50