Trump Odds Tumble Sharply After Biden's Withdrawal On Crypto Betting Platform; Polymarket Trader Down $72,000 After Betting On Former President
Portfolio Pulse from Aniket Verma
A trader on Polymarket lost $72,000 after betting on Trump's victory in the upcoming presidential elections. Trump's odds fell 12% after Kamala Harris replaced Biden as the Democratic nominee. Polymarket, built on Ethereum's Layer-2 chain Polygon, has become a leading prediction market for U.S. elections.
July 31, 2024 | 1:39 am
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POSITIVE IMPACT
Ethereum's Layer-2 chain Polygon powers Polymarket, a leading prediction market for U.S. elections. The platform's popularity could boost Ethereum's usage and value.
Polymarket's rise as a leading prediction market for U.S. elections, built on Ethereum's Layer-2 chain Polygon, could drive increased usage and demand for Ethereum, potentially boosting its value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Polygon, the Layer-2 chain for Ethereum, powers Polymarket, a top prediction market for U.S. elections. This could increase Polygon's adoption and value.
As Polymarket gains traction as a leading prediction market for U.S. elections, built on Polygon, it could drive increased adoption and demand for Polygon, potentially boosting its value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80