🚀Crypto prediction market Polymarket's betting odds for Biden's re-election didn't change much post his recent TV interview. "Yes" shares for Biden's presidency were trading at 11 cents, down a penny from before the broadcast. A month ago, they were at 36 cents but tanked after his debate with Trump.📉

Polymarket's largest contract, the presidential winner, has $229M in bets. Biden's odds for winning the Democratic nomination rose a point to 42% with $89M staked. A third contract, asking if Biden will drop out, saw odds rise three points to 65% with $12M at stake.🎲

Polymarket's volume has surged this year, hitting $100M in June. However, as analyst Zack Pokorny notes, on-chain prediction markets reflect the opinions of a small group of blockchain users, potentially skewing results.💭

What's your take on crypto-based prediction markets? Are they a reliable indicator or just another form of gambling? Let's discuss!👇