Polymarket Bettors See 84% Chance of Trump Launching Cryptocurrency Token Before Election
- Betting odds for Trump launching a cryptocurrency before November 2024 surged to 84% on Polymarket after the WLFI project announcement.
- Polymarket's $1.7 million bet requires Trump to personally issue a blockchain token by November 4, 2024, to resolve as "Yes."
- Bettors are split, citing past Ethereum test tokens and NFT projects as evidence, while skeptics doubt Trump's direct involvement.
Betting odds on Polymarket for Donald Trump launching a cryptocurrency token before the November 2024 election surged to over 84% after Trump confirmed a launch date for the World Liberty Financial (WLFI) crypto project.
The family-led project, which Trump said would release on Monday (Sep 16), has since seen the former president reverse his statement. Polymarket, which has attracted over $1.7 million in bets, will resolve to “Yes” only if Trump personally issues a verifiable token on a blockchain by November 4, 2024.
According to the WLFI project’s white paper, there are plans to issue a governance token called "WLFI." However, Trump’s exact role in the token's issuance remains unclear.
Despite this uncertainty, many bettors are confident. User "Car," who holds over 4,400 yes shares, mentioned, "The development team already launched multiple test tokens on Ethereum," believing that this action could be enough to resolve the market to “Yes.”
Newsletter
The corridor, every morning.
Funding rounds and cross-border capital moves, one email, five minutes.
Another user, "563defi," who holds 6,600 yes shares, pointed out, “Non-fungible tokens are indeed Tokens,” referencing Trump’s involvement in past NFT projects.
On the other hand, skeptics remain cautious. User "Tenebrus7," who holds 2,000 no shares, argued,
"Even if a token launches, it will be his son's. After the scam - trump will not want to be associated with it anytime soon."
While the odds have fluctuated dramatically in recent days, the outcome hinges on whether Trump will be directly involved in launching the WLFI token. With just weeks left until the election, the market remains hotly contested.
Edited by Harshajit Sarmah
ALSO READ:
Harshajit Sarmah
More in News
