Polymarket bettors do not see President Joe Bident getting re-elected in November again. On the decentralized predictions market, Biden’s election odds have dropped down to a mere 9%.
Contrarily, the odds of Biden’s counterpart, Donald Trump, assuming office stood at 61%, indicating that he has cemented his position as bettors’ favorite.
Meanwhile, users have also placed their bets on Kamala Harris [19%], Michelle Obama [4%], Gavin Newsom [2%], and Robert F. Kennedy Jr. [2%].
In a recent White House meeting, Biden sarcastically said “I’m fine—I don’t know about my brain, though.” The joke was, however, not received well by the governors. In fact, he also went on to tell them that he was going to stop scheduling meetings post 8 p.m. because he reportedly needs more sleep.
To add more, in his latest gaffe, Biden said that he’s proud of being the “first black woman” to serve in the White House.
With the quitting pressure growing in the background, Biden asserted, “You got me, man. I’m not going anywhere” during his independence day speech.
In the UK, on the other hand, the Conservative party’s 14-year rule came to an end this week. The Labour Party won the UK’s general elections with a significant majority margin.
Party members did not explicitly talk about crypto in their manifesto or campaigns. However, they have spoken about it in the past and said that the party will foster tokenization and a central bank digital currency [CBDC].
The pro-crypto tribe in the US is rooting for Trump. Right from Gemini’s Winklevoss twins to Kraken’s Jesse Powell, several industry stalwarts have donated to Trump’s campaign.
They collectively believe that the crypto industry has been under attack by Gary Gensler and other office-bearers from the same boat. They have also been critical of their regulation-by-enforcement approach in particular.
Trump, on his part, has assured that his government will stop crypto-centric companies from fleeing out of the country. Parallelly, he is also looking to foster Bitcoin mining in the country.
The presidential contender is expected to join the likes of Michael Saylor, Edward Snowden, and Cathie Wood in Nashville to talk at the Bitcoin 2024 conference at the end of the month.
