The Block Crypto News15 minutes ago

Published on June 28, 2024 10:31 GMT+00:00edited on June 28, 2024 10:34 GMT+00:00

The odds that U.S. President Joe Biden would drop out of the upcoming presidential election reached 39% on the decentralized prediction market platform Polymarket.

The “yes” bet soared to its highest-ever today following the presidential debate between Biden and Trump last night. Polymarket’s “Biden drops out of presidential race?” has attracted nearly $7.1 million worth of bets from users.

The debate between the presumptive election candidates for the Republican and Democratic Party worsened concerns surrounding Biden’s eligibility to serve another four years as U.S. President, according to a BBC report. During the 90-minute debate, the current U.S. leader raised eyebrows by his performance being “flat” and “unclear,” BBC said.

Last night’s debate also led the Democratic Party to …