Short term stability for BTC prices, but a dip below $50K is in the cards before a rally to over $75KU.S. President Joe Biden's performance at last week's presidential debate was an unmitigated disaster.This was a betting bonanza for users of Polymarket, the crypto-based prediction market platform.
Each share pays out $1 if the prediction comes true and zero if not, so the 44 cent price indicated a 44% probability Biden would bow out.that Biden was to spend the weekend with his family at the Mount David Presidential retreat to discuss the future of his campaign pushed the odds up to 50%. The contract has attracted serious political bettors, with the largest holders on both sides of the digital aisle largely betting on politics-themed markets.," the largest No holder, holds $2.9 million in different political contracts, consistently betting that Biden and Trump will win their respective nominations, that Biden will win the popular vote, and that Trump won't win the U.S. Presidential Election.