Cryptocurrency prediction platform Polymarket: The probability of Biden's re-election is only 11%, while the possibility of him dropping out hovers around 64%
On the cryptocurrency prediction market platform Polymarket, the current trading price for Biden's "yes" stock is 11 cents. If the prediction comes true, each share will pay $1; if not, there will be no gain. The price of 11 cents implies that the market believes there is an 11% chance of Biden being re-elected. Similarly, the probability of Biden dropping out is 64%. It is reported that the presidential election winner contract is Polymarket's largest contract with a betting amount reaching $229 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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