Betting odds on Polymarket surged to over 84% following former U.S. President Donald Trump’s announcement about the upcoming World Liberty Financial project. According to Coindesk, Trump mentioned plans to launch the family-run initiative on Monday, sparking speculation about the potential introduction of a cryptocurrency token before the November 2024 elections.
The market, which has seen over $1.7 million in bets, will only resolve to “yes” if Trump personally issues a verifiable token on a blockchain by November 4, 2024. This means that the launch of a cryptocurrency project by the Trump family alone won’t be sufficient to resolve the market unless Trump himself is directly involved in issuing the token.
Polymarket users remain divided, with some betting Trump’s history with NFTs might fulfill the requirement, while others doubt he will be directly associated with the project.
The World Liberty Financial project, which was mentioned in the project’s white paper, includes plans for a governance token named WLFI. This token would be non-transferable and linked to governance functions within the project’s ecosystem. Despite this, the exact role Trump will play in the release of this token remains ambiguous. While his family is closely tied to the project, there is no conclusive evidence yet that Trump will personally deploy the token on the blockchain.
However, skepticism remains strong on the other side. Many bettors are doubtful that Trump will directly launch a token, with some suggesting that any potential token release will be handled by his family or associates rather than Trump himself. Given Trump’s previous ventures into the digital asset space with his line of NFTs, there is a possibility that some form of digital token could emerge from this project.
Also Check Out : SEC Hits Binance Hard For Operating Illegally: Now Claims These Token As Security
The crypto market today has taken a notable hit, following the trade tensions from Trump’s…
Bitcoin dipped 1.41% to $83,437 after Trump’s tariff bombshell rattled markets. With a 24-hour range…
The cryptocurrency market took a sharp hit on April 2, 2025, following President Donald Trump’s…
The crypto market appears to have bottomed before traditional equities in the ongoing saga of…
On Wednesday, XRP dropped below the critical $2 mark, retesting the $1.96 level as the…
As tariff concerns added to the turmoil, markets were pinched ahead of Liberation Day. Bitcoin…
