Rumors surrounding President Donald Trump's potential death have drawn significant attention, leading to more than $1.5 million in bets placed on Web3 platforms, such as Polymarket and Kalshi, sparking discussions about the implications for the cryptocurrency market.
Bets on Polymarket and Kalshi Platforms
Rumors of Trump’s death spread over the Labor Day weekend, prompting active betting on the Polymarket and Kalshi platforms.
Market Volatility of Betting
Polymarket experienced a temporary increase in its Total Value Locked (TVL), alongside increased betting volumes on Kalshi, indicating the market's sensitivity to political rumors.
Ethical Aspects and Consequences
These events ignited a discussion about the ethical challenges of trading on rumors, highlighting how such speculations can affect activity in prediction markets temporarily.
The rumors surrounding Trump's death and the associated bets not only reflect the activity in prediction markets but also raise important ethical questions about the acceptability of such speculation.
