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Politics, Crypto, and the Rise of Prediction Markets

Prediction Market

The latest buzz in event-based betting centres on the public fallout between Donald Trump and Elon Musk. Their clash has spilled into major prediction markets such as Polymarket, Kalshi, and Manifold, where users are wagering on a range of highly specific outcomes. Among the most active bets this week:

  • Will Trump and Musk publicly reconcile by Friday?
  • Will Trump–Epstein documents be released in 2025?
  • Will Elon Musk apologise to Trump by Monday?
  • Will Elon announce a presidential bid in 2025?

Although individual markets remain relatively modest in size—ranging from $50 to $500,000—combined they represent several million dollars in total volume.

Beyond this high-profile dispute, broader political developments are also driving significant activity. The highest-volume markets currently include:

  • A ceasefire between Ukraine and Russia before July 2025 — $15 million
  • Which countries will sign new trade deals with the U.S. by July — $6 million
  • Trump’s potential pick for the next Federal Reserve Chair — $5 million
  • Names expected to appear in the Epstein files by 30 June — $3 million

Cryptocurrency remains another major focus for speculative wagers. Popular topics include:

  • Will Bitcoin reach $150K, $120K, $115K or $110K in July?
  • Will BTC rise or fall on a given date?
  • How high will Ethereum climb?
  • The size of the U.S. national Bitcoin reserve in 2025
  • Will Tether face insolvency before the year is out?

A Volatile Mirror of the News Cycle

As headlines shift by the hour, prediction markets are evolving into a fast-paced reflection of global uncertainty—where political rivalries, financial forecasts, and media narratives all converge.

But for those seeking more stability, traditional sports betting still offers grounded, data-driven options. With major tournaments like the FIFA World Cup 2025UEFA Nations League on the horizon, now is an ideal time to focus on markets where form, stats, and skill matter more than scandal.

Here are some of the most trusted platforms where you can place safer, sport-based bets today:

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