- Former First Lady Michelle Obama and declared candidate Robert F. Kennedy Jr. are being favored by crypto traders on the decentralized prediction platform Polymarket for the 2024 U.S. presidential election.
- Despite not running for office, Obama has seen $8 million wagered on her prospects, while Kennedy, a known crypto proponent, has garnered $6.7 million in bets.
- Traditional political polling shows Kennedy’s chances fading among regular voters, while Obama has stated she will not be running for president.
As the 2024 U.S. presidential election approaches, crypto traders are placing their bets on potential candidates, including Michelle Obama and Robert F. Kennedy Jr., on the decentralized prediction platform Polymarket.
Michelle Obama and Robert F. Kennedy Jr. Favored by Crypto Traders
Despite not running for office, former First Lady Michelle Obama is being favored by crypto traders on the decentralized prediction platform Polymarket. So far, traders have bet $8 million on Obama’s prospects. With Polymarket assigning her a 4% chance of success, she’s technically a top-three pick, rivaling candidates that have actually campaigned.
Robert F. Kennedy Jr.’s Crypto Connection
Declared candidate and crypto proponent Robert F. Kennedy Jr. has also seen significant support on Polymarket. Garnering $6.7 million in bets, Kennedy has been a consistent supporter of crypto, floating ideas from backing the U.S. dollar with Bitcoin to putting the entire U.S. budget on the blockchain to spur government accountability. However, traditional political polling tracked by The Hill shows that Kennedy’s chances are fading among regular voters.
Political Clout and Crypto Predictions
Despite the significant amount wagered on her prospects, Obama’s office has stated that a run for office isn’t in the cards for 2024. Instead, she plans to throw her political clout behind President Biden and Vice President Kamala Harris. Notably, Harris has also attracted notable bets on Polymarket, with $4.4 million in wagers placed, indicating a 1% chance of her replacing her boss in November.
Conclusion
As the 2024 U.S. presidential election approaches, the crypto community is closely watching and placing their bets on potential candidates. Despite traditional polling and official statements, the decentralized prediction platform Polymarket shows a different narrative, highlighting the unique perspective of the crypto community. As the election draws closer, it will be interesting to see how these predictions evolve and what impact they may have on the election.
