Last night, the current President of the United States, Joe Biden, announced his exit from the presidential race.
Following this news, PoliFi tokens Jeo Boden (BODEN) and MAGA (TRUMP) significantly lost value. The price of BODEN decreased by 57% over the last 24 hours, while MAGA dropped by 7.3%.
Notably, a user of the crypto betting platform Polymarket, known as AnonBidenBull, who had previously bet on Biden’s victory, lost $2 million after this announcement.
The odds for other candidates also shifted. According to Polymarket, Trump now has a 64% chance of winning, Kamala Harris has a 29% chance, and Michelle Obama is seen as having a 3% chance of becoming president.
