Trump's odds surge to 67% on Polymarket post-debate, while Biden's chances slide. Insights into the latest market sentiments and key debate takeaways.
In the wake of the first presidential debate of the 2024 election cycle, Donald Trump's odds of winning the presidency have surged to 67% on Polymarket. This spike reflects growing market skepticism about President Joe Biden's performance and chances of securing the Democratic nomination. The debate has also highlighted the shifting dynamics within both parties, as blockchain bettors and political enthusiasts weigh in on the evolving landscape.
Key Points:
Trump's Market Surge: Post-debate, Trump's odds on Polymarket soared to 67%, driven by strong market sentiment.
Biden's Declining Chances: President Biden's chances of being the Democratic nominee dropped to 70%, with speculation about his potential dropout increasing to 43%.
Gavin Newsom and Michelle Obama: California Governor Gavin Newsom's odds rose to 17%, while Michelle Obama saw a slight increase to 7%.
Polymarket Traffic Spike: The debate caused a brief downtime on Polymarket due to a large influx of traffic.
Crypto Market Impact: Tokens associated with Trump and Biden, such as the MAGA token (TRUMP), BODEN token, and TREMP, saw significant declines.
Crypto Unmentioned: Crypto was not a topic in the debate, with Polymarket contracts pegging the likelihood of Trump mentioning crypto at just 6%.
RFK Jr.'s Response: Independent candidate Robert F. Kennedy Jr.'s debate response broadcast on X garnered 5.6 million views.
The first presidential debate has significantly influenced market sentiments, particularly on platforms like Polymarket. Trump's surge and Biden's declining odds reflect growing uncertainties and strategic shifts within the political landscape. As the 2024 election approaches, these dynamics will continue to evolve, keeping both bettors and voters on edge.
Source: Coindesk
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