The Block Crypto News17 minutes ago

Published on July 18, 2024 16:45 GMT+00:00edited on July 18, 2024 16:49 GMT+00:00

The odds of U.S. President Joe Biden dropping out of the presidential race rose to 80% on decentralized prediction market platform Polymarket as reports show Biden could decide to drop out of the presidential race as soon as this weekend.

Just two days ago, those odds were closer to 33% on Polymarket but has since more than doubled. Axios reported on Thursday morning that the pressure is rising among Democrats and close friends to urge Biden to drop out in the coming days, citing several top Democrats.

Biden, who is now 81 and recently tested positive for Covid, has faced mounting pressure after a jarring debate performance last month that jolted discussions around possibly replacing Biden. Over the past week, top Democrats including Senate Majority Leader Chuck …