As a professional translator, I will translate the news article into English with a descriptive tone, ensuring accuracy and fluency while retaining proper nouns and all images:
Reported by Coin Realm Network:
Author: Sam Reynolds Source: coindesk Translation: Shan Ouba,
The odds of Republican candidate Donald Trump winning the 2024 election have risen sharply on Polymarket.
Increasing market sentiment suggests that President Biden will either not be the Democratic nominee or will drop out of the race.
Blockchain bettors are skeptical of President Biden’s performance in the first debate of the 2024 election cycle, pushing the odds of former President Trump winning the November election to 67%.
A contract asking gamblers to predict the outcome of the 2024 election currently has nearly $188 million wagered, with about $23 million bet on Trump and $21 million on Biden. Bets on Polymarket are placed in smart contracts on the Polygon blockchain and settled in USDC stablecoins.
Polymarket reported a brief downtime at the start of the debate due to high traffic.
Market sentiment increasingly doubts whether Biden can hold out until Election Day.
According to Polymarket, the likelihood of Biden becoming the Democratic nominee is less than 70%, with California Governor Gavin Newsom at 17% and Michelle Obama at 7%.
Another topic asking whether Biden will drop out of the presidential race surged to 43% during the debate.
Meanwhile, PoliFi token traders have pushed the two main tokens representing Trump and Biden into a loss.
According to CoinGecko data,
the MAGA token with the code TRUMP
fell
by 12.5%, while
the BODEN
token fell by 34%. TREMP
also
fell by 10%.
The DJT token, which recently made headlines due to its apparent connection with Barron Trump, fell by 5%.
Although cryptocurrency has become a Republican campaign issue, it was not mentioned in the debate. A Polymarket contract asking whether Trump would mention cryptocurrency or Bitcoin showed it was unlikely, with the highest probability at 6%.
Independent candidate Robert F. Kennedy Jr. was not invited to the debate, but he answered questions posed during the Trump-Biden debate in a special live broadcast on Channel X, which has reached 5.6 million views on the social media platform.
