RFK Jr.’s Suspended White House Bid Creates Chaos on Polymarket

Yesterday, Robert F. Kennedy Jr. announced that he was “suspending” his presidential campaign and instead endorsing former President Donald Trump. However, the nuance of his words has resulted in confusion and wild price swings on the prediction market Polymarket.

Specifically, the resolution of a Polymarket event contract with over $300,000 in total bets hinged on whether RFK Jr. would “drop out Friday.”

The market would resolve “Yes” if Kennedy “officially announces his withdrawal.” However, as Kennedy emphasised he was “simply suspending” and “not terminating” his campaign, those odds nosedived to a 6% chance. The drop occurred in a matter of minutes.

#Write2Earn! #CryptoNewss #CryptoMarketMoves #MtGoxRepayments #BinanceSquareFamily