Speculation that Joe Biden could withdraw from the 2024 presidential race has intensified after the recent presidential debate. This has led to a surge in activity on cryptocurrency betting platform Polymarket.
During the debate, the 81-year-old Biden performed poorly while Trump focused on key issues.
After the debate, the situation on Polymarket was: Biden's probability of withdrawing from the election soared from 19% to 41%, his probability of re-election dropped sharply from 34% to 21%, and the probability of other Democratic candidates winning increased.
This shift in public sentiment has led to the New York Times calling for Biden to step down.
In addition, cryptocurrency has become a hot topic in the election, with the Trump and Biden administrations taking very different attitudes towards it.
In June, Polymarket's trading volume reached a new high, and in the "2024 Presidential Election Winner" market, Trump led and bets on Biden's possible withdrawal increased significantly.
This news was originally reported by CoinChapter.
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