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Home Business & Finance

Polymarket Community Split Over $50 Million Trump Crypto Coin Bet

Nnaemeka OkwarabyNnaemeka Okwara
October 18, 2024
in Business & Finance
0
Polymarket Community Split Over $50 Million Trump Crypto Coin Bet
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Polymarket, the biggest prediction market using cryptocurrency, has seen a big disagreement among its users about a high-risk bet on whether former US President Donald Trump will create a new cryptocurrency coin before the November 4 presidential election.

According to recent reports, this bet has already reached over $50 million in trading, with people strongly split between those who think he will (“Yes”) and those who think he won’t (“No”). One person holds 8.3 million shares, showing a very large investment.

The “Yes” group believes Trump’s past connection with World Liberty Financial (WLF) supports their view. But the “No” group says that Trump’s link with WLF doesn’t mean he will directly launch the WLFI coin.

Polymarket has responded to this debate, saying that Trump’s public connection with WLF means the “Yes” side should win. Even though there are disagreements among users, the platform is set to pay out to those who bet “Yes.”

Tags: Coin betCommunityCryptofederal characterNewsPolymarketPolymarket Community Split Over $50 Million Trump Crypto Coin Bet
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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