TL;DR
- Donald Trump’s odds of winning the 2024 election have risen to 71%, an all-time high.
- This increase follows an assassination attempt against the former president.
- Trump’s chances of winning key states have also reached new highs.
Donald Trump, former president of the United States between 2017 and 2021, now has a 71% chance of winning the next presidential election, according to bets placed on Polymarket, the largest prediction market in the world.
The increased odds come amid rising political tensions and after an assassination attempt nearly cost him his life.
While Trump’s chances are at a new high, current President Joe Biden’s have dropped significantly, standing at 18%.
On Polymarket, more than $258 million has been wagered in total, with $32.1 million in favor of Trump and $34.7 million for Biden.
Other candidates like Kamala Harris and Robert F. Kennedy Jr. have also seen significant bets, with $16 million and $13 million respectively.
This influx of money reflects the growing uncertainty and interest in the upcoming presidential election, exacerbated by recent events that have shaken the political landscape.
The assassination attempt on Trump took place last Saturday and, although he managed to escape without serious injuries, the incident has been a turning point in his campaign.
An image of Trump, fists raised, an American flag in the background and blood on his face, has gone viral, symbolizing his resilience and further fueling support from his followers.
This event has been widely condemned by political figures from different spectrums, including Charles Hoskinson, founder of Cardano, who pointed out the growing toxicity in American politics.
In a post on social platform X (formerly Twitter), InteractivePolls highlighted the increasing odds of Trump’s victory in several key states.
In Pennsylvania, Wisconsin, Michigan and Arizona, their odds now stand at 67%, 65%, 61% and 78% respectively.
These states, crucial to any presidential victory, show a clear shift in electoral dynamics in favor of the former president.
Impact of Trump incident on the cryptocurrency community
Trump has been a strong supporter of the digital asset community, voicing his support in multiple speeches over the past few months.
He has announced that his campaign will accept donations in cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), which has been well received by cryptocurrency enthusiasts.
Additionally, he is scheduled to speak at the Bitcoin 2024 conference, marking the first time an American president will publicly address this community.
This strategic move could further consolidate his base of support among young, technologically inclined voters.
The 45th US President has also been a vocal critic of central bank digital currencies (CBDCs), stating that if elected, he will not allow the Federal Reserve to create a digital dollar.
This anti-CBDC stance resonates with those who see cryptocurrencies as a freer, more decentralized alternative to government-controlled fiat currencies.
By positioning himself as a champion of economic freedoms and technological innovation, Trump is tapping into a narrative that could be key to his election campaign.
As elections approach, the political landscape continues to evolve.
Trump’s growing popularity, fueled by recent events and his pro-cryptocurrency stance, poses a significant challenge to his opponents.
With each development, the betting and speculation surrounding the 2024 election results continue to intensify, making this one of the most closely watched and hotly contested races in recent American history.
