The odds of Donald Trump winning the 2024 presidential election climbed to 63% as Joe Biden and Trump squared off in the first presidential debate. While crypto remains missing from the debate, stock and crypto futures surged as markets price-in Trump’s victory in the election.
President Joe Biden’s odds of winning a second term dropped from 48% to 37% as Biden seemed struggling against Trump.
Prediction markets indicate clear chances of former US President Donald Trump winning the 2024 presidential election. Markets believe Donald Trump will be the next President of the United States.
Polymarket data also indicate similar odds for Trump’s victory in November. The chances of Joe Biden has dropped to 23%, indicating that either Biden will not be the Democratic presidential nominee or may drop out of the race. Donald Trump Jr. also mocked Joe Biden as he was escorted off the stage, comparing his exit to Trump.
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Billionaire Elon Musk also reacted to the presidential debate, saying “Tonight was a clear victory … for memes.” Musk also responded to Grok’s answer in fun mode on who won the presidential debate. As per Grok, “The real winner of the debate tonight was the internet, with all the hilarious memes and GIFs circulating faster than a politician’s promise.”
Musk’s comments sparked an upside momentum in meme coins Dogecoin and Shiba Inu, with prices jumping 4% and 2%, respectively.
Jesse Powell, co-founder of Kraken, said he has just donated $1 million in ETH to Donald Trump. He spotlights the attack on the crypto industry by anti-crypto team comprising Elizabeth Warren, Gary Gensler, and others. Despite overwhelming bipartisan Congressional efforts to bring clarity on crypto regulation and guidance, the Biden Administration has allowed an unchecked regulation by enforcement.
“This approach is diminishing US competitiveness as other major economies around the world advance clear rules to regulate digital assets. I am excited to join other leaders from our community to unite behind the only pro-crypto major party candidate in the 2024 Presidential election so the United States can continue to remain a leader in blockchain technology.”
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