Donald Trump

Biden

Joe Biden

President Donald Trump

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/biden-and-trump-debate-televised" data-wpel-link="internal" rel="noopener noreferrer nofollow">Biden and Trump Debate Televised</a><br></p>
<p style="text-align: justify">In their first televised debate last week, President Joe Biden and former President Donald Trump clashed fiercely ahead of the November elections. While Biden seemed more composed during a subsequent televised interview, traders on the crypto-based prediction platform Polymarket maintain that his re-election chances have not significantly shifted.</p>
<h2 id="how-did-the-market-react">How Did the Market React?</h2>
<p style="text-align: justify">Following Biden’s interview with George Stephanopoulos on ABC <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">News</a>, the “yes” shares for Biden winning the presidency in November traded at $0.11, just shy of the $0.12 level before the interview. This suggests that the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> still estimates Biden’s chances of victory at around 14%. A month ago, these shares were valued at $0.36 but fell dramatically after Biden’s poor debate performance against Trump. Democratic Senator Mark Warner and other party members have since urged Biden to consider withdrawing from the race.</p>
<h2 id="why-is-polymarket-gaining-popularity">Why is Polymarket Gaining Popularity?</h2>
<p style="text-align: justify">Polymarket has become a focal point for political betting, especially with the U.S. presidential election on the horizon. The platform’s trading volume surged in June, hitting over $100 million. Polymarket was also commended for highlighting concerns about Biden’s cognitive health through its “Will Biden withdraw from the race?” contract, even before traditional media addressed the issue.</p>
<h2 id="key-takeaways-from-polymarket-trading">Key Takeaways from Polymarket Trading</h2>
<p style="text-align: justify">– Biden’s re-election chances are rated at 14% on Polymarket.<br> – Biden’s Democratic nomination odds rose slightly to 42% post-interview.<br> – The probability of Biden withdrawing from the race increased to 65%.<br> – Polymarket’s largest contract involves a $229 million bet on the presidential winner.</p>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">In summary, Polymarket’s trading volumes reflect a growing interest in political prediction markets, driven by blockchain’s transparency and resistance to tampering. However, analysts warn that these markets may be influenced by the pro-crypto biases of their users. As the election draws nearer, the dynamics on platforms like Polymarket will be closely watched for early indicators of political trends.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/biden-and-trump-debate-televised" data-wpel-link="internal" rel="noopener noreferrer nofollow">Biden and Trump Debate Televised</a></h5>

Biden and Trump Debate Televised

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