- Courting crypto voters appears to have boosted Trump's odds.
- Doug Burgum still trails behind Tim Scott for the Republican VP pick.
- Longshot ether ETF approval contract prints triple-digit returns for bettors, despite disputes over its resolution.
Trump's Pro-Crypto Stance Boosts Odds in Prediction Markets
In recent days, Donald Trump's vocal support for the crypto community, including promises to support figures like Ross Ulbricht and bolster the U.S.'s position in the digital assets industry, has significantly strengthened his position in prediction markets. Betting platforms like PredictIt and Polymarket have seen a notable shift in favor of Trump, with his odds of reelection increasing by two percentage points to 56%, while Biden's odds have slipped to 37%. This surge in support reflects a growing sentiment among bettors that Trump's pro-crypto stance may give him an edge over Biden in the upcoming election.
Doug Burgum Emerges as Potential Running Mate for Trump
North Dakota governor Doug Burgum has garnered attention as a potential running mate for Donald Trump, with speculation fueled by his recent appearances at Trump rallies and favorable coverage in the media. Betting markets on platforms like Polymarket and PredictIt are reflecting this interest, with Burgum's odds rising by three percentage points to 18%. Despite trailing behind other contenders like Tim Scott, Burgum's growing popularity suggests that he could be a formidable choice for Trump's vice-presidential candidate.
Ether ETF Approval Sparks Betting Frenzy
The recent approval of 19b-4 forms for Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has ignited a betting frenzy on platforms like Polymarket. Despite lingering uncertainties surrounding the approval process, the resolution of the contract on Polymarket to "yes" has resulted in substantial returns for bettors. This unexpected development underscores the growing interest in crypto-related events among prediction market participants, who are keen to capitalize on emerging trends in the industry.