Cryptocurrency prediction platform Polymarket: The probability of Biden's re-election is only 11%, while the possibility of him dropping out hovers around 64%

On the cryptocurrency prediction market platform Polymarket, the current trading price for Biden's "yes" stock is 11 cents. If the prediction comes true, each share will pay $1; if not, there will be no gain. The price of 11 cents implies that the market believes there is an 11% chance of Biden being re-elected. Similarly, the probability of Biden dropping out is 64%. It is reported that the presidential election winner contract is Polymarket's largest contract with a betting amount reaching $229 million.