Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
The wager and Crypto Bets on the US presidential elections are favoring Joe Biden. For a long time, the bets have been on Donald Trump's favor. Most betting portals that allow wager on the race showed the incumbent retaining the seat. The tides have since changed following the last presidential election debates. It shows Joe Biden has the likelihood of over 60% to beat President Trump.
The last presidential debate did not live up to most people's billing. Several quarters ended up declaring it the worst in the American leadership history. The election enthusiasts still kept tabs to stake on a preferred candidate.
The presidential debate is one of the most followed events in the country. At the same time, most people follow it on TV, other place bets on the possible outcome. As the cryptos become mainstream, the betting industry has been accepting cryptocurrencies for Crypto Bets. Several crypto betting sites offer to stake for the debates.
One such platform accepting Crypto Bets on the debates is the Cloudbet. It supports different digital currencies like Bitcoin, Ethereum, and USDT. The site experienced increased activity in the days leading up to the debate.
Biden's leading is the first time he is on the front since the campaigns began. Trump has been the outright leader throughout the year. Most people kept favoring the president's success. It now seems like Biden is the biggest gainer from the debates.
With slightly over 3 three weeks to the elections, different other betting sites run the presidential bets. Here are some of the top spots;
Crypto Bets - Betmoose
The betting site has been running political bets for some time. It also has more chances of more than politics. For the current election, it provides easy to understand outcome options. It asks the users to bet whether Trump will win or not. No, means Trump will lose the re-election hence Biden winning.
The NO would involve losing through various means like during the elections. It also has resignation or removal from office or death.
The Betmoose bets are currently in favor of Biden. The site has received an accumulative 12.934BTC in bets. Of all the bets, 6.443BTC are pro-Trump winning. The other 6.491BTC are pro-Biden.
Crypto Bets - FXT
The FXT Crypto Bets have been on the same movements as the other sites. The site allows for betting on the possible presidential winner and their deputies. It also looks into the senate and house of representatives' control for the parties.
Biden is currently leading the FXT trading charts at 61.7%. This is an increase of 7.8% from last week. Donald Trump comes second at 35.2%. A decline of -8.4% within the same period. The site updates every minute. It is a reflection of the current political atmosphere.
The site also favors the Democrats to control the Senate by 64.7%. An increase of 0.3% on the last day. The Republicans have their chances at 35.2%, which is a decrease of -0.3% in the same period. The Democratic Party also has the upper hand for house control at 87.5%. The Republican party's chances are at 12.4%.
The TRUMP futures token has also declined in the platform. It currently trades at $0.38, from the previous $0.62. This shows Trump's chances of re-election are 38%, while Biden's approval rating is 62%.
Crypto Bets - BetPredict
BetPredict is a slightly different site when it comes to elections betting. It does not provide for odds like the other sites. It instead allows the users to look for opportunities on the market prices.
The site then allows the gamer to buy for or against the event taking place. The shares then go up or down, depending on the market movements. The gamer sells the shares higher than the buying price if the event comes to pass.
For the 2020 elections, it provides various market possible outcome. They include, Will Trump, be Re-elected? Biden market option is costly at 67, while Trump's is low at 36.
It also has the option of who will have the Senate majority after the 2020 elections.
The presidential debate sets the stage for the agenda and aspirations of both candidates. They get to scrutinize each other's policies while voters follow on. It is these policies that will drive the economy to determine gains.
Even though the last debate was more of a shouting match, Biden came out on top. Trump went into the debate with everything to lose. As the incumbent, he had to show on what he plans to build on. He also has overseen the country at one of the worst economic times. The covid-19 effects have been massive globally.
Barron's immediate polling before the debate had given Biden the lead. It was Trump's duty to try swing things around. Fundstrat's Tom Block believe Trump was to use the debate more gainfully. He thinks the president needed a different approach to winning the swing states and undecided voters. He acknowledges Trump's supporters like the take-no-prisoners. Yet, with the pandemic and other economic disasters, there is a need for change in moods.
Even though the betting sites were active, leading to the debates, the crypto market was normal. The market has been in a slow month. Ethereum is coming back from the market correction after the Defi boom. Bitcoin is also on the sideways movement with low market activity.
The election day might not have so much impact on the cryptos. This helps to underline crypto as a safe asset. Different from fiat currency where political moves affect it so much. For example, Trump testing positive for Coronavirus impacted stock markets.
The presidential debates are some of the most eventful events in the election cycle. It allows the voters a glimpse of what ahead with the presidential candidate. After a long time on the lead, the last debate seemed to be Trump's undoing. Most of the bets have swung in Biden's favor.
The other highlight of the debate betting is the role of cryptocurrencies. The Crypto Bets are still new in the market. They are yet to become mainstream. The increased betting on crypto platforms shows an increased uptake. The digital coins will likely keep expanding as the use cases become evident.
There are still two more debates to go. The Crypto Bets can always move either way. Whatever happens, the role of the virtual currencies will increase.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
1 BTC to $1 Million: Cathie Wood Doubles Down On Decade-long Bitcoin Price Prediction
21 minutes ago | Zycrypto
Jack Dorsey´s Damus Not Welcome In China: Is Bitcoin Lightning Network To Blame?
22 minutes ago | Benzinga
Bitcoin Miner Marathon Digital Sells BTC For First Time In Two Years
27 minutes ago | Bitcoin Magazine
Balance CEO alleges betrayal at hands of Uniswap founder
27 minutes ago | CryptoSlate
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Crypto Bets on the US Election are 60% on Joe Biden.
The wager and Crypto Bets on the US presidential elections are favoring Joe Biden. For a long...
Crypto Scams of All Time
Crypto scam is one of the worst in the crypto world. Investors have lost money, some with...
Alternatives to Bitcoin, what strategies?
Alternatives to Bitcoin, what strategies?Although Bitcoin is the world's largest...
North Korea Accused of Being Involved in the Coincheck Piracy
During a parliamentary meeting, South Korea’s national intelligence agency reported that it was N...
Dogecoin Price Prediction For Next Year (DOGE)
Dogecoin prediction
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Beechat: Instant Messaging For Cryptocurrency
For those who think that cryptocurrency has reached its peak, it might be time to think again....
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)