Bettors are placing their money on the service being fixed by the end of Friday, with a slight possibility of it happening by mid-day.
President Joe Biden said during an interview that if a medical condition emerged, he'd consider dropping out of the race.
As the U.S. presidential election enters its final stretch, crypto-based prediction market platform Polymarket is striking while the iron is hot by hiring popular statistician and writer Nate Silver as an adviser.
Traders on the crypto-based prediction market now see a 29% chance that the Ohio Republican will be former President Trump’s running mate, up from 14% a week ago.
The president's chances of reelection remain 12% and his probability of dropping out stayed at 63%, according to traders on the crypto-based prediction market platform.
Former U.S. President Donald Trump is still in the lead at odds at 61%, while U.S. Vice President and Democrat Kamala Harris is second with 19% odds.
Supporters are calling on the vice president to step up following boss Biden's doddering debate debacle.
Odds that the president will drop out of the race surged as high as 50% after the debate before leveling off at 40% on the crypto-based prediction market.
There are now over $200 million worth of bets on who will win the United States presidential election — now just four months out.
Nearly all UMA voters said that the son of Donald Trump was not involved in the creation of the DJT token
A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections.
With a 56% chance of winning, according to the prediction market's traders, the former president has a 22-point lead over the incumbent, far bigger than what the polls indicate.
Meanwhile, the Jeo Boden (BODEN) meme coin linked to Trump’s arch-rival, Joe Biden, rallied 6.4% in the first 15 minutes before dumping again.
Also: Trump faces likely conviction, per Polymarket punters; CFTC hearing to discuss political betting ban.
Ethereum Spot Exchange-Traded Funds (ETFs) approval odds continue to witness notable pessimism as the cryptocurrency space awaits the United States Securities and Exchange Commission’s (SEC) decision on the products scheduled for May. The expectation surrounding the SEC’s decision highlights how important ETF approval is in terms of giving conventional investors more convenient access to Ethereum’s spot market. Presently, data from Polymarket, the world’s largest prediction market, shows that ETH ETF approval odds have fallen to a mere 11%. Pessimism Deepens As Ethereum ETFs Remain Uncertain As the May deadline draws near, doubt and skepticism loom large on the horizon, casting a dark shadow for the products. One of the most recent figures to voice doubts about the SEC’s willingness to approve the exchange-traded products this May is Nate Geraci, the president of ETF Store. Related Reading: Cloudy Future For Ethereum ETFs – What’s Casting Doubt On Their Fate? According to Geraci, the regulatory watchdog is eerily silent on Ethereum spot ETFs. He further suggested that the products might not be approved due to the SEC’s significantly lower level of engagement with ETF issuers than in previous interactions. “Logic says that is correct, but also wonder if SEC learned a lesson from clown show with spot Bitcoin ETFs,” he added. Thus, he has pointed out two possible options for the products, which are either an approval or lawsuit from the Commission. Commenting on the president’s insights, a pseudonymous X user questioned if there is a possibility that activities are taking place behind closed doors in order to avoid disrupting the pre-launch market. Geraci responded, saying he believes that could be possible, drawing attention to Van Eck CEO Jan Van Eck’s review, which might prove otherwise. It is worth noting that Van Eck is one of the earliest firms to submit its application for an Ethereum exchange product. Even though the company was the first to file for an application, Jan Van Eck is pessimistic about the approval of the ETPs, saying they will probably be rejected in May. He stated: The way the legal process goes is the regulators will give you comments on your application, and that happened for weeks and weeks before the Bitcoin ETFs. And right now, pins are dropping as far as Ethereum is concerned. In light of this, investors prepare for an unpredictable result while managing market swings and modifying their investment plans in the face of changing regulations. ETH Price Sees Positive Movement While Ethereum ETFs might be experiencing negative sentiment, ETH, on the other hand, has witnessed a positive uptick lately. ETH has revisited the $3,000 level again after falling as low as $2,888 during the weekend. Related Reading: Ethereum Price Hints At Potential Fresh Rally, Buy The Dip? Today, ETH price rose by over 4%, reaching around $3,234, indicating potential for further price recovery. At the time of writing, Ethereum was trading at $3,215, demonstrating an increase of 1.40% in the past day. Also, the asset’s market cap and trading volume are up by 1.40% and 5.96% in the last 24 hours. Given the anticipated impact of the recently concluded Bitcoin Halving on cryptocurrencies, ETH could be poised for noteworthy moves in the coming months. Featured image from iStock, chart from Tradingview.com
Are prediction markets the future of investigative journalism? Maybe, says Chris Brunet, whose reporting led to Claudine Gay's resignation – though he's yet to profit from his scoops.
The popular Polymarket market bet “Bitcoin ETF approved by Jan 15?” has attracted almost $1 million in volume from hundreds of users.
Several Taiwanese residents were reportedly using the decentralized betting platform Polymarket, the same platform that saw record-breaking trading volumes during the 2020 United States election.
The Presidential and Vice Presidential Election and Recall Act specifically prohibits gambling on elections.
24 hours ago, prediction markets were almost certain that Altman wouldn't be back as OpenAI's CEO. Now the market's answer to that question has changed twice.