😱🚀🚀The possibility of Joe Biden withdrawing from the race has increased: Crypto Bull News!
On the decentralized crypto prediction platform Polymarket, the probability of #US President #JoeBiden withdrawing from the presidential race has increased to 80 percent, and this development indicates an upward trend in the season.
Just two days ago these rates were close to 33 percent on Polymarket but have since risen by more than two percent. Axios reported Thursday morning that pressure was mounting among Democrats and close friends for Biden to join several top Democrats during the day.
US presidential elections gearing up for bull season
Biden, now 81 and recently tested positive for Covid, is facing mounting pressure after a shocking row last month shook up debate over the possibility of him succeeding him. Top Democrats, including Senate Majority Leader Chuck Schumer, said last week they were interested in Biden, according to ABC News.
Former House Speaker Nancy Pelosi said that GOP presidential candidate and former president Donald Trump cannot be defeated at the ballot box on behalf of Biden and that Biden's "Democrats' success in winning the House of Representatives may be eliminated," according to CNN.
Breath held in the Biden-Trump conflict
Former President Barack Obama told allies that Biden was "reconsidering serious possibilities," the Washington Post reported on Thursday.
All of this is happening as we approach the Democratic National Convention. Democrats will convene in Chicago on August 19 to determine their presidential candidates.
News outlets have mentioned several potential Democratic candidates, including Vice President Kamala Harris, California Governor Gavin Newsom, Illinois Governor JB Prizker and Michigan Governor Gretchen Whitmer.
People at Polymarket bet that Harris would win the Democratic nomination, and the odds were set at 59 percent on Thursday. Memecoins inspired by Biden's possible successors have soared in the last 24 hours.
