Chaos on Polymarket as RFK Jr. Suspends Presidential Campaign
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Independent presidential candidate Robert F. Kennedy Jr. has announced the suspension of his campaign, sparking a frenzy among Polymarket bettors.
A Polymarket wager on whether Kennedy would cease his presidential campaign by Friday has caused controversy as bettors are not sure whether it is resolved or not.
The specific wager, which has attracted over $300,000, stated that the market would resolve in the affirmative if he “officially announces his withdrawal” from the nail-biter November election.
Polymarket traders had penciled in a 90% chance that Kennedy would drop out Friday shortly before he spoke in Arizona.
However, as he addressed his supporters, the odds took a nosedive to a mere 6% after his declaration that he would not completely abandon his presidential bid but would withdraw his candidacy from critical battleground states like Arizona.
“I’m not terminating my campaign, I’m simply suspending it,” he said.
“Our polling consistently showed by staying on the ballot in the battleground states, I would likely hand the election over to the Democrats, with whom I disagree on the most existential issues.”
Robert F. Kennedy Jr. drops powerful truth about chronic illness, obesity, the US government and our food supply. He cooked here.
This must watch video was part of his drop out speech. pic.twitter.com/yQwgnzpvRU
Meanwhile, some traders referred to news articles for insights, which further increased the confusion due to conflicting reports from major news outlets.
For instance, one Fox News article that was shared said that
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