Trump-Harris Debate: Polymarket Shows Slim Odds of Crypto Mention

Published: Sep 09, 2024 Duration: 00:03:30 Category: News & Politics
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[Music] [Music] Trump Harris debate poly Market shows slim odds of crypto mention Traders see only a 17% chance that Donald Trump will say crypto or Bitcoin and just 133% for kamla Harris cryptocurrency has come a long way once obscure the technology now has a shot at being mentioned in Tuesday night's us presidential debate between Donald Trump and Camala Harris a long shot but still a shot on poly markets What Will trump say at the debate contract yes shares for crypto Bitcoin were trading at 17 cents midday Tuesday in New York indicating Traders see a 177% chance he will say one or both words each share pays out $1 worth of cryptocurrency if the prediction turns out to be correct and nothing if it is proven wrong crypto Trails behind hot button issues the former commanderin-chief and Republican nominee is likelier to utter such as abortion the highest probability at 83% as well as trumpian epithets like comrade Kamala vice president Harris meanwhile has an even Slimmer chance of mentioning Bitcoin or crypto at 133% once again abortion is the leading Contender for a mention from the Democratic candidate and 87% probability followed by the description of her opponent as a convicted felon Trump has aggressively courted crypto voters and donations this year Harris's campaign has made overtures although the vice president serves in an Administration the industry considers hostile prediction markets allow traders to bet money on the outcomes of everything from flu outbreaks and Wars to Rotten Tomatoes scores detractors say they amount to little more than gambling but proponents say prediction markets offer a superior source of forecasting to polls and puns because the Traders making predictions are putting money on the line they have a powerful incentive to thoroughly research topics and voice their honest conclusions not what other people want to hear the argument goes election betting has surged this year and poly Market has captured most of the action despite a regulatory settlement that requires it to block users from the US though some Traders could be using VPN to disguise their locations Friday was the platform 's biggest Day Ever with $34 million in trading volume according to Dune analytics data on manifold a self-described play money prediction Market Bitcoin ranks near the bottom of words or phrases likely to be said during Tuesday's debate with 12% odds slightly ahead of unburdened 8% and coconut bets on this Market are paid out in Mana a digital not cryptocurrency new users get free Mana when they sign up and can buy more but they can't cash it out the main incentive to place bets on manifold is to build a reputation as an accurate forecaster [Music]

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