Trump Death Rumors Sparked a Crypto Betting Frenzy
The post Trump Death Rumors Sparked a Crypto Betting Frenzy appeared on BitcoinEthereumNews.com.
Over the last weekend, President Trump’s unusual lack of public appearances led to viral rumors about his death. Although he seems perfectly fine, the speculation fueled over $1.6 million in prediction market gambling. These markets seem particularly troubling, especially because Donald Trump Jr. is an advisor at both Polymarket and Kalshi. Controversial new prediction markets could launch in the future, especially if they prove to be this lucrative. Trump Death Rumors Take Off Sponsored Sponsored In today’s high-intensity information environment, totally fictitious events can quickly spin out of control. Case in point, rumors of President Trump’s impending demise took a life of their own this weekend. It was a major US holiday, and Trump had very few public appearances, leading to viral and unfounded claims that he was approaching his death: Now that Labor Day has passed, President Trump is very much alive. He addressed these rumors over an unrelated announcement, calling their virality “sort of crazy.” Sponsored Sponsored Nonetheless, these rumors led to an interesting phenomenon: over $1.6 million in prediction market bets over whether or not Trump would leave office in 2025. Kalshi opened its Trump prediction market on Saturday, seeing over $700,000 in action, while Polymarket’s bets began last night. In other words, more than half of these gamblers were betting on a market that would directly pay out in the event of Trump’s death. Kalshi, at least, would only accept resignation or other nonfatal ouster. unlike Polymarket, on Kalshi these markets do not resolve to “yes” if the person in question dies (they settle at the last traded price). i suspect many bettors don’t read the fine print, though. — Molly White (@molly0xFFF) September 2, 2025 A Telling Market Development This frenzy of trading activity signals an intense interest in the subject, even if gamblers never…
Filed under: News - @ September 3, 2025 12:27 am