Home Coins Bitcoin (BTC) Crypto Bets on the US Election Show Joe Biden Winning the Presidency...

Crypto Bets on the US Election Show Joe Biden Winning the Presidency by 60%


During the first half of the year, betting portals that allow people to wager cryptocurrencies on the upcoming U.S. election had shown Donald Trump winning the election. However, after Tuesday evening’s Presidential Debate, betting markets like Cloudbet show Joe Biden’s chances of getting elected is favored by 61% over the incumbent Trump.

Tuesday’s Presidential Debate was considered by many as one of the “worst debates” in the history of American leadership. However, many people still kept score on how each candidate did during the evening’s political discourse.

In addition to all the people watching the debate on television, a great number of people have been betting on the outcome. The betting web portal Cloudbet, a gambling operator that accepts BTC, USDT, BCH, and ETH, detailed that the company saw a “significant pick-up in betting activity ahead of the debate.”

Crypto Bets on the US Election Show Joe Biden Winning the Presidency by 60%
Tuesday evening’s Presidential Debate was considered the “worst” in American history by many political pundits. Scanning wagers on cryptocurrency gambling portals shows a number of bets held on Cloudbet, Betmoose, and FTX Exchange point to Joe Biden winning the U.S. election by over 60%.

Back in February and in June 2020, news.Bitcoin.com reported on gambling websites and prediction markets that said Donald Trump would likely win the election. However, after the Presidential Debate, it seems the tides have changed more broadly in Biden’s favor.

“Cloudbet saw a significant pick-up in betting activity ahead of the debate: About 10% of the value of all bets on the U.S. election was placed in the 24 hours leading up to the event,” a spokesperson for the company said. “Bets on Trump accounted for 90% of the new positions.”

Cloudbet’s spokesperson added:

Odds on a Biden win shortened to 1.65, meaning betting markets give him 61% chance of being elected, according to prices compiled by crypto sportsbook Cloudbet. That compares to 1.73 (58%) just before the debate. Trump’s odds drifted to 2.23 from 2.16.

In addition to Cloudbet, a number of other betting portals are accepting cryptocurrency-fueled bets on who will win the U.S. election this November.

The “Will Donald Trump be elected president in 2020” wager on Betmoose.

Betmoose, another crypto gambling operator, has a few different election bets going. For instance, the Betmoose wager called “Will Donald Trump be elected president in 2020?” has seen 12.93 BTC ($138k) in total volume to-date. So far 6.443 BTC or 74 bets say that Trump will win, while 6.491 BTC or 46 cumulative bets say Biden will win.

Trump’s chances are also lower at the FTX Exchange as well, as the “TRUMP” futures token has slid from $0.62 or a 62% chance of winning to $0.40 today. This means the presidential election futures token bets show that Biden is leading Trump by 60% today.

Another betting exchange taking U.S. election wagers is Fairlay, and one particular staked bet says Trump will win by 91%. Fairlay is one of the only crypto-infused gambling operations that shows Trump winning a number of election stakes, as most crypto betting operators today show Biden leading by 55-65%.

Looking at the prediction markets leveraging Augur shows that there are still two wagers showing that Trump could win the election. However, there’s a new prediction market called “Will Donald Trump be Re-Elected in 2020?” that has $22,221 at stake showing he will lose by 56%.

What do you think about the bitcoin betting portals that show Joe Biden might take the presidency from Donald Trump this election? Let us know what you think in the comments section below.

Tags in this story
60%, 60% in Favor of Biden, Augur, Betmoose, Betting on the election, bitcoin betting, Cloudbet, Crypto Betting, Digital Currency Wagers, Donald Trump, Donald Trump Loses, FTX Exchange, Joe Biden, Joe Biden Wins, Prediction markets, Trump Futures, US presidential election, Wagers

Image Credits: Shutterstock, Pixabay, Wiki Commons, Betmoose,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,553FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.18
GBP
1.30
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.76
AUD
0.71

Most Popular

Cardano, Ontology, Dash Price Analysis: 26 October

The Crypto Fear and Greed Index was noting a reading of 75, at press time, as extremely greedy sentiment gripped the market after...

XDB Foundation Managing Director to Speak at 12th Anniversary Global Family Office Investment Summit in Dubai – DigitalBitsOrg

XDB Foundation Managing Director, Michael Gord, will be participating in a panel discussion at the 12th Anniversary Global Family Office Investment Summit, taking...

GNT to ERC20 migration FAQs

Hello everyone! Thank you...
bitcoin
Bitcoin (BTC) $ 12,995.40
ethereum
Ethereum (ETH) $ 395.39
ripple
XRP (XRP) $ 0.249383
tether
Tether (USDT) $ 0.998332
bitcoin-cash
Bitcoin Cash (BCH) $ 261.10
bitcoin-cash-sv
Bitcoin SV (BSV) $ 173.35
litecoin
Litecoin (LTC) $ 56.25
eos
EOS (EOS) $ 2.64
binancecoin
Binance Coin (BNB) $ 30.63
okb
OKB (OKB) $ 4.69
tezos
Tezos (XTZ) $ 2.09
leo-token
LEO Token (LEO) $ 1.27
cardano
Cardano (ADA) $ 0.101910
monero
Monero (XMR) $ 133.52
stellar
Stellar (XLM) $ 0.081637
chainlink
Chainlink (LINK) $ 11.64
huobi-token
Huobi Token (HT) $ 4.40
tron
TRON (TRX) $ 0.026802
usd-coin
USD Coin (USDC) $ 0.998676
dash
Dash (DASH) $ 70.39
neo
NEO (NEO) $ 17.16
iota
IOTA (MIOTA) $ 0.271682
nem
NEM (XEM) $ 0.100958
zcash
Zcash (ZEC) $ 60.49
maker
Maker (MKR) $ 584.95
paxos-standard
Paxos Standard (PAX) $ 0.998719
ethereum-classic
Ethereum Classic (ETC) $ 5.44
vechain
VeChain (VET) $ 0.011386
true-usd
TrueUSD (TUSD) $ 0.998444
ftx-token
FTX Token (FTT) $ 3.89
kucoin-shares
KuCoin Shares (KCS) $ 0.843293
waves
Waves (WAVES) $ 3.18