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$7 million has been placed on Polymarket to bet Biden will quit the US Presidential Election

Bets on the withdrawal of US President Joe Biden from the election have now surpassed $7 million on the decentralized prediction market platform Polymarket. Following the first debate with Donald Trump in the 2024 US presidential election, the odds of Biden withdrawing from the election have soared to 38%. Meanwhile, the largest political Trump pool on the site - with a bet of $191 million on the winner of the election - now shows a 63% chance of Trump winning in November. This is despite the fact that the former president is now a convicted criminal and is still awaiting sentencing in July.