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Rumors about Trump’s health lit $ 1.5 million in betting of the prediction market, revealing ethical and regulatory challenges on web 3 platforms.
During the past weekend, social networks were full of alarming rumors that surround the health of President Donald Trump, driven by his unusually low public visibility.
Rumors of Trump’s death exaggerate
From its cabinet meeting on August 26, Trump has remained out of the public eye, which caused generalized speculation about his well -being.
The frenzy reached its maximum point on August 30, when it looks for terms such as “is Trump Dead” and “Trump Dead” to the top of Google trends consultations.
In addition to intrigue, markets closely linked to Trump -related events caught attention.
Source: Molly White/X.
Disienting these rumors, President Trump finally made his public appearance on September 2, reaffirming his health and ending viral misinformation.
Trump expressed,
“It’s crazy.”
However, many observers had reported that the news is true even before this official confirmation. This included liberal commentator Keith Olbermann, who pointed out,
“Of course, Trump is not dead, on the other hand, how could you be sure? And how could his own White House have made him seem more like him or is desperately ill or undergo surgery or feel surgery or what?”
How did the prediction market affect this?
Trump’s death rumors triggered an unprecedented activity in prediction markets, highlighting both the power and controversy of web 3 and Kalshi and Polymket platforms.
Together, the platforms attracted more than $ 1.5 million in bets on whether President Trump would leave office in 2025, with more than half of the bets that depend on scenarios that could indirectly relate to his death.
This was because Donald Trump Jr. serves as an advisor to both predictions market, Polymket and Kalshi, providing them with a shield perceived against regulatory scrutiny.
In addition, Trump Coin quoted at $ 8.38, reflecting a 0.73% decrease in the last 24 hours, according to Coinmarketcap.
Meanwhile, the global capitalization of the Crypto market reached $ 3.84 billion, increasing 0.89% in the last 24 hours.
The Altcoin index remained stable in 51, indicating the beginning of the Altcoin season, while the fear and greed crypto index remained at a neutral level according to Coinmarketcap.
Predictions in the cryptographic sphere
While Trump’s rumors were unfounded, the incident highlights the broader implications of prediction markets in the web era.
In general, this classic “bomb and careless” driven by Fomo stood out how quickly the first investors can react to exaggeration, reflecting the frenzy in the prediction markets around Trump’s absence.
