The odds of Donald Trump winning explode at Polymarket

The US presidential race is underway and the votes are being counted. Although the official results are yet to be reported, things are heating up on the most popular crypto prediction market – Polymarket.

Source: Polymarket

The odds of Donald Trump winning the current race have soared to nearly 90%.

It’s important to remember that Trump has been especially vocal about his intentions toward the cryptocurrency industry and the regulations that govern it.

During a Bitcoin conference earlier this year, he said that one of his first acts as president would be to immediately fire Gary Gensler, the current chairman of the Securities and Exchange Commission, known for his negative approach to the industry

He has also toyed with the idea of ​​removing taxes on cryptocurrencies created in the US and imposing a fee.

Meanwhile, as reported by CryptoPotato, the price of Bitcoin has just hit a new all-time high. It hit a local high around $75,000.

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