Cryptocurrency worth $8 million was bet on Joe Biden's removal from the election

The bet will win if Biden votes to withdraw from the presidential race or is removed from the ballot before the start of voting on November 5, 2024. If the current head of the country takes part in the fight for the Oval Office, then he will lose the bet. Over the past 24 hours, the probability of Biden being removed from the election has increased by 38% and reached 45%. Therefore, a winning bet on this event will not bring such an impressive profit as the previous 117%. Members of the crypto community believe that Joe has a better chance of continuing the fight against his rivals. In this regard, a successful bet that a politician will not drop out of the presidential race ahead of time will bring

The likelihood of Biden's withdrawal from the election, as well as his victory, has noticeably decreased after Joe's disastrous debate with Donald Trump, which took place on June 28. Polymarket clients give the current president a 15% chance of winning and believe that his main counterpart, Trump, will win with a 64% probability. At the same time, more than $198 million has already been charged for the outcome of the vote. US presidential candidates' chances of winning the election