📢Crypto betting platform Polymarket sees odds skyrocket over 70% on President Biden dropping out of the presidential race, following a New York Times report. Bettors wagered on a 55% chance of Biden's exit early Wednesday, with the odds surging post-report. 📰

The report, citing an unnamed Biden camp member, suggested Biden sees beating Trump as unlikely. White House spokesperson Andrew Bates refuted the story.

Polymarket's "Biden drops out?" pool has gained momentum, with over $10M in bets placed. Prior to a CNN debate deemed disastrous for Biden, betting activity suggested a 20%-35% chance of his departure.

Polymarket, a leading decentralized betting platform, allows users to wager on real-life outcomes, including crypto-related events.💰📈

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