Punters Bet on Biden Withdrawal
Traders on Polymarket are signaling an increased likelihood of President Biden exiting the 2024 presidential race.
- Chances of Biden withdrawing from the race have surged to 46% on the decentralized betting platform.
- This figure saw a significant jump from 19% following Biden’s performance in the first presidential debate.
Biden’s Presidential Prospects Questioned
Concerns about Biden’s age and performance have sparked doubts about his candidacy for another term.
- Critics have pointed to Biden’s shaky debate performance as a cause for alarm.
- Trump’s composed demeanor and pointed attacks have contrasted Biden’s fumbles.
Biden Faces Dissenting Voices
Despite growing calls for Biden’s withdrawal, prominent Democratic figures are standing in support of the current President.
- A CBS News poll showed only 28% of registered voters backing Biden, with a vast majority opposing his run.
- Key Democratic figures and donors have rallied around Biden to reinforce his nomination.
Familial Support for President Biden
Biden’s family has encouraged him to persist with his reelection campaign amid growing doubts about his performance.
- During discussions at Camp David, his family presented a united front supporting his continued involvement in the race.
- Democratic backers are seeking to shore up confidence in Biden as the party’s nominee.
Crypto’s Role in Election Discourse
Despite speculation, cryptocurrencies did not feature prominently in the recent presidential debate.
- Trump’s recent embrace of crypto contrasts sharply with the Biden administration’s approach.
- The SEC’s approach to crypto regulation under Gensler has drawn criticism for its litigious stance.
The Controversy Over Crypto Policies
Crypto supporters have voiced dissatisfaction with the Biden administration’s regulatory actions in the crypto space.
- Trump’s endorsement of crypto and acceptance of Bitcoin donations stand in stark contrast to Biden’s regulatory approach.
- Many in the US crypto community view Biden’s policies as overly restrictive and harmful to the industry.
Hot Take: Crypto Clashes in Electoral Limelight
The intersection of cryptocurrency and the upcoming election highlights divergent stances among candidates, with Trump’s embrace of crypto contrasting sharply with Biden’s perceived stringent regulatory approach.
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