On decentralized cryptocurrency prediction platform Polymarket, the probability of#USPresident#JoeBidenwithdrawing from the presidential race has increased to 80% and this development shows an upward trend during the season.
Just two days ago, the share was near 33% on Polymarket but has since increased by more than 2%. Axios reported Thursday morning that pressure was growing among Democrats and close friends for Biden to join some of the day's top Democrats.
US presidential election prepares for bullish season
Biden, now 81 and recently tested positive for Covid, is facing growing pressure after a shocking spat last month that rocked the debate over his potential successor. responsibility. According to ABC News, top Democrats, including Senate Majority Leader Chuck Schumer, said last week they were interested in Biden.
Former House Speaker Nancy Pelosi said that Republican presidential candidate and former president Donald Trump cannot be defeated at the ballot box for Biden and that "Democrats' success in winning the House has could be eliminated," according to CNN.
Breath in the Biden-Trump conflict
The Washington Post reported on Thursday that former President Barack Obama told allies that Biden was "reconsidering serious possibilities."
All of this is happening as we approach the Democratic National Convention. The Democratic Party will convene in Chicago on August 19 to determine their presidential candidate.
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 are betting that Harris will win the Democratic nomination, and the odds are set at 59% on Thursday. Memecoins inspired by Biden's possible successors have skyrocketed in the past 24 hours.
