PANews reported on July 22 that according to The Block, as President Biden announced his withdrawal from the next presidential election, Polymarket user AnonBidenBull lost $2 million after betting on Biden to win the Democratic presidential nomination, campaign and general election. Another trader earned a 6,000% return on betting on Kamala Harris to become the Democratic nominee, increasing from an initial $12,500 to nearly $769,000. Recently, as speculation about Biden's withdrawal from the campaign has increased, the volume of cryptocurrency transactions on Polymarket has increased significantly.
Polymarket user AnonBidenBull lost $2 million betting on Biden to win the Democratic presidential nomination
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