Let us first remember that Polymarket is a decentralized betting platform based on Polygon (MATIC), the network’s sidechain Ethereum (ETH). And seen Donald Trump’s pro-crypto speechesit is normal that the latter benefits from a favorable bias for Polymarket bettors, who are necessarily owners of cryptocurrencies.
We thus discover that the former president of the United States is at 63% chance of winning, compared to only 19% for Joe Biden. Is this the performance of the outgoing president during the recent presidential debate who worried the bettors about his chances of victory? In any case, Biden still had a 34% chance of winning avant his debate against Donald Trump.
This race to Oval Office is also the bet that most attracted capital on Polymarket, since there are nearly $206 million of bets on this single forecast. Bets which are made in stablecoins USDC. In any case, Donald Trump seems to be the big favorite actors in the US cryptosphere, since after the Winklevoss brothers of the Gemini exchangehe is the founder of the crypto-stock market Kraken, Jesse Powell who donated $1 million for the former president’s re-election campaign.
