Polymarket Predicts Biden 65% Likely to Drop Out of US Presidential Race

IconCryptoNewsTerminal Staff17 Jul, 2024

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Polymarket Predicts Biden 65% Likely to Drop Out of US Presidential Race

According to the decentralized prediction market Polymarket, there is a 65% chance that US President Joe Biden will drop out of the US Presidential race. $16.62 million has been bet on this outcome. This news comes after CNN reported that Biden had tested positive for COVID-19 and that his speech scheduled on the 17th (local time) was canceled. Multiple US media outlets have also mentioned the possibility of Biden dropping out. It is important to note that these are just predictions, and the actual outcome of the election is uncertain. However, the Polymarket prediction is a sign that there is significant concern among investors that Biden may not be able to complete his term.

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