The odds are currently favoring former U.S. President Donald Trump, who holds a 61% lead. U.S. Vice President and Democrat Kamala Harris is in second place with 19% odds.
The probability of United States President Joe Biden being reelected decreased to as low as 9% on decentralized predictions platform Polymarket, as players speculated about whether Vice President Kamala Harris would replace Biden as the Democratic candidate.
Polymarket’s $226 million “Presidential Election Winner 2024” market currently has Biden’s odds at 10%, following a brief recovery.
Donald Trump, the former President and Republican candidate, is the frontrunner with 61% odds, while Harris is in second place with 19% odds.
Biden’s odds on PredictIt, a prediction platform, have also decreased from $0.25 to $0.20, as evidenced by the share values. Donald Trump continues to possess the most highly valued “Yes” shares at $0.58, despite Harris’ current status as the most prominent Democratic candidate.
It occurs in the context of mounting concerns from the media and external commentators who contend that he may not be qualified for a second term.
CNN says that the President made a group of U.S. governors nervous at a meeting on July 3 at the White House when he joked, “I’m fine, but I don’t know about my brain.”
According to the same report, Biden has stated that he will no longer schedule events after 8 p.m. in order to obtain additional sleep.
The following day, Biden did himself no favors when he accidentally referred to himself as the “first black woman” to serve as U.S. President during a radio interview. This clip has since been circulating on social media.
Polymarket currently indicates that there is a 66% likelihood that Biden will withdraw from the race prior to the November 4 U.S. election. Harris is the most probable Democratic candidate to compete against Trump.
Nevertheless, Biden has emphasized that he has no intention of leaving, despite the growing pressure to do so.
Biden reportedly stated during an Independence Day speech at the White House on July 4 that “I’m not moving anywhere.”
During the inaugural Presidential Debate on June 27, neither Biden nor Trump addressed Bitcoin or digital asset-related topics. On September 10, the final Presidential Debate will feature Trump and Biden once more.
Also Read: The German parliament member has called out the government for offering Bitcoin
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