Donald Trump, who was once the President of the United States, had a scary thing happen to him. He was at a rally, which is like a big party where people show that they support him for President again, in Pennsylvania on a Saturday when someone started shooting. He got hurt, but he’s okay. After this happened, people who bet money on who will be the next President think that Trump has a 70% chance of winning. This is the highest chance he’s ever had. This betting happens on a website called Polymarket, which uses a special kind of money called cryptocurrency.

Ex-President Trump’s Presidential Re-election Odds Peak on Polymarket Following Rally Shooting Incident

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• Following a rally shooting, Donald Trump’s chances for re-election have surged to an all-time high of 70% on Polymarket.
• The shooting incident increased Trump-themed Polifi tokens and the overall cryptocurrency market.
• Polymarket and PredictIt, another betting platform, show similar trends, emphasizing their reliability in reflecting public sentiment and forecasting outcomes.

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A man named Marc Hochstein shared this news. He said that people who make bets on Polymarket now think Trump has a better chance of becoming President again because he showed he was strong after the shooting. The New York Times, a prominent newspaper, said that someone from the Secret Service, who are like bodyguards for essential people, said Trump was okay after the shooting. But the person who shot the gun and another person who was just there to watch the rally sadly died.

People shared pictures and videos of Trump after the shooting on websites like Facebook and Instagram. He was hurt and had blood on his face, but he looked brave and robust. This made people talk about how strong Trump is instead of the mistakes that President Joe Biden, the President now, made.

Because of the shooting, more people think that Trump will win. On Polymarket, the cost to bet that Trump will win increased by ten to 70 cents. That means that out of every dollar, 70 cents is betting that Trump will win. If they’re right, they get a whole dollar back. If they’re wrong, they get nothing back.

There’s also a funny thing called “PoliFi” meme tokens, like digital collectible cards with pictures of Trump. After the shooting, these tokens became more valuable. One called MAGA (for Make America Great Again, Trump’s slogan), went up 34% to $8.38. But a token with a picture of Biden went down in value.

A list called the CoinDesk 20 keeps track of cryptocurrency values. In a day, Bitcoin, the most essential cryptocurrency, increased by 3.31% to $59,735.17.

Polymarket, where all this betting is happening, was made four years ago by Shayne Coplan. It’s been bustling this year because people are excited to bet on who will be the next President. People have bet $252 million on who will win, the most money ever bet on Polymarket.

Another website called PredictIt, where people bet on who will win, has seen similar things happen. The cost to bet that Trump will win went up from 59 cents to 66 cents and then stayed at 65 cents after the shooting.

These betting websites are excellent ways to predict what will happen because people only bet money when they think they know what will happen.

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