Post-debate, Polymarket traders bet big on Biden's resignation
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Post-debate, Polymarket traders bet big on Biden's resignation
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Following President Joe Biden's recent debate performance, Polymarket traders have significantly increased their bets on his potential resignation with the odds of Biden exiting the presidential race surged from 19% to 33% overnight.
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Cover
Date
06
Month28
Day2024
Year15
:05
pm
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The decentralized prediction market platform Polymarket has seen a significant increase in the odds of President Biden dropping out of the presidential race, rising from 19% to 33% following the recent debate performance.
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The process of selecting a new Democratic nominee, should President Biden drop out, would likely involve significant party negotiations and strategic considerations, with Vice President Harris considered a potential candidate.
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Polymarket odds tend to favor Donald Trump compared to national polling data, with the platform currently showing a 64% chance of Trump winning the 2024 presidential election, which is higher than most traditional polls indicate.
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