Kalshi has achieved a significant victory by being allowed to offer prediction markets for Congressional election outcomes, which opens up new opportunities for political betting in the U.S. This could have ripple effects on the cryptocurrency market, particularly meme coins like Shiba Inu and Baby Doge.
Shiba Inu (SHIB)
The excitement around political betting might drive more attention to investments, potentially pushing SHIB's price higher. As political events often attract public attention, meme coins could experience renewed interest as part of this trend.
Baby Doge (BabyDoge)
Similarly, Baby Doge could see new opportunities from the increased focus on political betting. Developers may even explore new applications tied to elections, boosting Baby Doge’s appeal.
Impact on Meme Coins
As interest in political betting grows, meme coins related to this space might gain traction. Kalshi’s entry into the political prediction market could also create competition, bringing new users to the scene and possibly benefiting coins connected to such platforms.
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