In the realm of political predictions on Polymarket, Trump leads over Harris after Musk’s endorsement but lags in a crucial state. Stay updated with exclusive insights at The Bitcoin Street Journal.
Recent data from Polymarket reveals Donald Trump emerging with a significant lead over Kamala Harris in the race for the White House. Amidst fluctuating political dynamics, this shift underscores evolving public sentiment as the election approaches.
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Former President Trump’s stake in Truth Social has plummeted by nearly $4 billion since May, as the company grapples with declining confidence among its executives. Amid a potential fresh selling spree, concerns about the platform’s viability continue to mount.
In a surprising turn of events, top executives at Truth Social, including the CEO, are offloading shares ahead of former President Trump’s anticipated stock moves. This raises questions about their confidence in the platform’s future amid ongoing scrutiny.
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Despite recent polls showing a narrowing race, Donald Trump has maintained his lead over Kamala Harris in the Polymarket prediction market. As of July 22, 2023, Trump’s odds of winning the presidency stand at 62%, while Harris remains at 38%. This divergence between polls and the prediction market suggests that investors may be taking a more pessimistic view of Harris’s chances than the general public.
Donald Trump’s SPAC, Digital World Acquisition Corp (DWAC), is poised to grant him a hefty payday, despite a $4.5 billion selloff in its stock value. The former president is entitled to a potential $2.8 billion in earn-out payments if the company’s stock price surpasses certain targets, according to regulatory filings. This is in addition to the $1.2 billion he already cashed out through stock sales. The development underscores the controversial nature of SPACs, with critics arguing they provide an opaque and potentially lucrative avenue for insiders.
Donald Trump’s day improved on Monday as Fox News’ stock rose and a court provided him with a lifeline. The former president’s media company’s stock, Digital World Acquisition Corp., increased by almost 30% after it was reported that he would be interviewed by Sean Hannity on Fox News soon. Additionally, a Florida appeals court temporarily blocked a lower court’s order requiring Trump to testify under oath about his handling of classified documents. Trump hailed the decisions, calling them “great victories.
In a recent announcement, Republican nominee Donald Trump confirmed that he will not reappoint Federal Reserve Chair, Jerome Powell, if elected as President. Citing policy disagreements and questioning Powell’s leadership, Trump emphasizes the need for a new approach to monetary policy. This decision, if realized, marks a departure from the traditional practice of keeping the same Fed Chair across administrations.