ChainCatcher news, according to The Block, the betting amount on the U.S. presidential election results on Polymarket has exceeded $2 billion. As of October 17, Republican candidate Trump has a betting amount of nearly $608 million on Polymarket, with a winning probability of 62.3%; Democratic candidate Harris has a betting amount of $405 million, with a winning probability of 37.5%.

ChainCatcher news, according to Cointelegraph, based on data from the CFTC website, the prediction market Kalshi has launched more than a dozen event contracts related to U.S. political outcomes. As of October 16, Kalshi's flagship market "Who will win the presidential election?" has reached a total betting amount of $14 million since its launch on October 7.Kalshi's scale still lags far behind the decentralized prediction market Polymarket, which has nearly $2 billion in betting amounts related to the U.S. presidential election.

ChainCatcher news, according to CoinDesk, data shows that the trading volume of the "U.S. Presidential Election" prediction market on Polymarket has exceeded $1 billion, currently reported at $1,078,678,825. Currently, the support rates for Trump and Harris are basically tied.

ChainCatcher News: U.S. President Biden stated that the economy is stronger than previously estimated. (Jin Shi)

ChainCatcher news, according to Jinshi reports, the Dutch cooperative bank stated that the U.S. presidential election in November will play a key role in the dollar's performance at the end of 2024 and the beginning of the year. If Trump is elected president, inflation may be higher. A looser fiscal situation suggests that the Fed's easing cycle may suddenly stop next year. If Harris wins the election, it will allow for a longer series of rate cuts, which means the dollar's performance will be weaker than if Trump were president.

ChainCatcher news, according to Jinshi reports, Wylie Tollette, Chief Investment Officer of Franklin Templeton Investment Solutions, believes that "if inflation in the housing sector persists, then a 50 basis point rate cut could actually accelerate or amplify this situation." He expects the Federal Reserve to cut rates by 25 basis points next week and added that this election could complicate the prospects for significant rate cuts. Trump previously stated that a Fed rate cut would help Harris become the incumbent vice president, "even though they know they shouldn't do that."Wylie Tollette stated, "The Fed's path is that they want to do the right thing for the economy, and I don't think they want to be seen as benefiting the incumbent candidate through more aggressive rate cuts."

ChainCatcher news, according to The Block, Bitfinex analysts stated that the U.S. presidential candidate debate between Harris and Trump sparked risk-averse sentiment in the crypto market, marking a "sell the news" event, with risk-averse trading behavior intensifying after the debate.Analysts emphasized that Trump's victory is generally seen as favorable for risk assets, including cryptocurrencies. Considering the recent news regarding his DeFi project and his campaign promise to remove SEC Chairman Gary Gensler, his involvement in the cryptocurrency space is now quite evident.

ChainCatcher news, according to Arkham monitoring, after the debate between Donald Trump and Kamala Harris, the Polymarket address "paragon" received funds from QCP Capital, purchasing over $600,000 in Trump opposition votes and Kamala support votes respectively. If Kamala wins the election, they will earn over $2.6 million.

ChainCatcher news, according to DL News, Coinbase Chief Legal Officer Paul Grewal stated in an interview with Bloomberg on Tuesday that regardless of individual campaign results, and certainly the presidential campaign results, we will see a Congress that supports cryptocurrency. Currently, bipartisan support for cryptocurrency-friendly legislation on Capitol Hill is increasing.

ChainCatcher news, according to POLITICO, former U.S. President Donald Trump writes in his upcoming book set to be published next week that Meta Chairman Mark Zuckerberg conspired against him during the 2020 U.S. election and stated that if Zuckerberg does it again, he will spend the rest of his life in prison.This represents Trump's latest attack on Zuckerberg, whom he has repeatedly accused of interfering in the last U.S. presidential election. This statement also comes in the context of Meta taking measures to assure conservatives that it will not influence this year's campaign."Save America" is a book written by Trump, set to be published on September 3, which includes an undated photo of Trump meeting with Zuckerberg at the White House. Trump mentions that Zuckerberg and his wife Priscilla Chan donated $420 million during the 2020 election to fund election infrastructure.A Meta spokesperson did not immediately respond to a request for comment.

ChainCatcher news, Cointelegraph reports that a document submitted to the Arizona Secretary of State shows that independent candidate Robert F. Kennedy Jr. withdrew from the race on August 22.

ChainCatcher message, according to monitoring by Lookonchain, the predicted probability of Trump winning the U.S. presidential election on the prediction market Polymarket has risen to 53%, surpassing Harris.Three days ago, someone registered on Polymarket and withdrew 205,000 USDC from Binance to purchase 417,252 shares of the "yes" option for Trump winning the U.S. presidential election.Now, the user has made a profit of $15,000 as a result.

According to ChainCatcher, citing sources familiar with the matter, U.S. presidential candidate Robert F. Kennedy Jr. plans to withdraw from the race before the end of this weekend. However, this decision has not been finalized and may still change.One source added that Kennedy hopes to finalize things quickly in an attempt to undermine the momentum of the Democratic National Convention. Additionally, Kennedy will deliver a nationwide speech in Arizona this Friday to outline his future path. Meanwhile, Trump will also hold a rally in Arizona on Friday.According to previous reports, Kennedy is considering withdrawing from the U.S. presidential race and supporting Trump.

ChainCatcher news, according to Bitcoin Magazine, U.S. presidential candidate Robert F. Kennedy Jr.'s campaign partner Nicole Shanahan stated that they are considering withdrawing from the presidential race and supporting Trump. Subsequently, Trump indicated that if Kennedy supports him, he would be willing to consider appointing Kennedy to a government role.It is reported that both Kennedy and Trump support cryptocurrency.

ChainCatcher news, according to Coingape, former Trump aide Anthony Scaramucci predicts that Trump will withdraw from the 2024 U.S. presidential election today.Stephanie LB shared a snapshot of Trump's recent remarks and pointed out that polls show Trump has a slight lead over Vice President Kamala Harris in key states like Pennsylvania, Nevada, and North Carolina. Despite these favorable conditions for Trump, Stephanie LB predicts, "he will withdraw before a major defeat."Anthony Scaramucci subsequently supported this view, stating, "I said this a month ago on 'The Rest Is Politics US' show."Anthony Scaramucci continued to imply that Trump is weaker than he appears. He labeled Donald Trump a "coward," suggesting that he would back down if his prospects look bleak. In another article, he hinted at chaos within Donald Trump's campaign team. He claimed that the former president is "looking for some scapegoats and personnel changes."

According to ChainCatcher news, the official website shows that the prediction market PolyMarket has launched a new political category section. Currently, betting activities related to the 2024 U.S. presidential election occupy the top positions on the platform's leaderboard, with the U.S. presidential election betting activity ranking first with $559 million in betting funds.Polymarket is a decentralized information market platform that allows users to trade on the most controversial topics in the world (such as coronavirus, politics, current events, etc.).

ChainCatcher News, President Biden issued a statement on the July non-farm report, stating that since Vice President Harris and I took office, our economy has created nearly 16 million jobs, with an average unemployment rate lower than any administration in the past 50 years, and income growth outpacing inflation. Today's report shows that while inflation has significantly decreased, job growth has slowed further. Business investment remains strong, partly due to the "Investing in America" agenda, which is creating high-paying job opportunities in underserved communities. Prices are still too high. We will continue to lower costs by combating price gouging, capping prescription drug costs, and building more housing.

ChainCatcher news, according to CoinDesk, within a week of President Joe Biden stepping down as the Democratic candidate, his running mate Kamala Harris has effectively doubled the chances of the Democrats taking the White House, rising from 18% to 38%. Harris's progress in the Polymarket poll seems to be due to small individual bets entering the market.However, Trump supporters appear to be more confident: the top five holders on the "yes" side of the Trump contract collectively hold 9.1 million shares, which would turn into a $9.1 million payout if Trump wins. Meanwhile, the top five holders on the "yes" side of the Harris contract collectively hold 4.7 million shares. Overall, the amount bet by traders on Polymarket regarding the presidential election outcome has reached $423 million.