President Trump and Joe Biden spur FTX’s futures bidding

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Updated September 21, 2022 | Published October 7, 2020

2 mins read

Markets weren't too happy with the news of the president falling ill.

Ad-hoc futures launched by FTX as TRUMP 2020 and BIDEN 2020 saw interesting see-sawing in value as the President fell sick and then recovered.

Trump started at good 44% prior his debate with Joe Biden, dropping him to 38%, and then further down to 33% following the announcement that he had fallen ill with COVID-19.

Following his miraculous recovery and showing in public, FTX rallied up to 39%.

While Trump is definitely the more interesting of the two, BIDEN seems to be pulling in quite a bit of weight with 60% of the volume backing him.

Of course, even traders have to be mindful of how the public perceives developments.

Public opinion polls in 2016 posted Secretary of State Hillary Clinton at 70% chance of winning.

Yet she lost due to the Electoral College vote. Now, it's important to note that FTX is not actually reflecting the sentiment of actual US residents.

FTX is not available to people who are based in the US, meaning that the trading volumes are how the world perceives the outcome of the upcoming election.

It may be worth rooting for Joe Biden for this one, though, as the President has expressed opposition to both Libra and Bitcoin in the past.

If you are looking to play some blockchain and crypto games while awaiting the next Presidential debate, we recommend giving Bitcasino, 1xBit.com or FortuneJack a go.

Love to gamble with crypto? We’d love if you took a couple of minutes to tell us about your favourites in our CGN survey

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.
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