The former U.S. President and crypto-friendly Republican contender for the upcoming presidential race, Donald Trump, is facing a 17% chance of imprisonment before the election, as predicted by voters on Polymarket. This forecast follows Trump’s recent conviction in the renowned hush money trial.

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• Donald Trump, the Republican frontrunner for the upcoming presidential elections, faces a 17% chance of imprisonment before the election, as predicted by Polymarket voters.
• The ex-president has been found guilty in his high-profile hush money trial, with the sentence to be decided on July 11th.
• The odds of Trump’s imprisonment have risen by 57% since Friday morning, increasing tensions in the close White House race between him and current President Joe Biden.

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17% Chance of Trump in Prison Before Election, Polymarket Voters Predict

Investors and political analysts are discussing whether a former ruler can end up in jail following the commotion about the increase in positive responses after the announcement, thus leading to buzz in the forecast market.

The cost of a ‘yes’ vote climbed as news of Trump’s conviction spread, reflecting the market’s reaction to recent events. The dramatic jump in the probability of Trump’s imprisonment has made this prediction market a focal point of public attention.

Following Trump’s conviction, the prediction market saw a sudden shift. This marked modification didn’t just surprise anyone who followed it—it provoked different reactions from Trump supporters and detractors all at once.

The six-week trial saw testimony from several of Trump’s notable allies, including his former attorney, Michael Cohen, former Oval Office Operations Director Madeleine Westerhout, and Stormy Daniels herself.

Following the verdict, Trump claimed the jury had been unfair and criticized the judgment. On the other hand, current President Joe Biden seized the opportunity to highlight the risks of endorsing a convicted felon for the presidency.

As per a May 30th Marist Poll, Biden and Trump are neck and neck in the White House race, with Biden leading by a slim 2% margin. While Trump has been a vocal supporter of cryptocurrencies, even accepting campaign donations in digital assets, Biden has advocated for increased blockchain regulation. Yet, Trump’s crypto-friendly attitude may prompt Biden to rethink his stance.

Judge Juan Merchan is scheduled to sentence Trump on July 11th, but it is yet to be determined how severe his punishment will be. Trump’s continual defiance of a gag order issued by Merchan during the trial could potentially influence the leniency of his sentence.

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