Former President Donald Trump’s chances of winning the U.S. presidential election have increased significantly after a failed assassination attempt during a rally in Pennsylvania. The incident left Trump injured in his right ear, but his campaign assured the public that he is safe and suffered no major injuries. Unfortunately, a spectator lost their life in the shooting, and two others were critically injured before the suspect was shot dead by the Secret Service.
The attempt on Trump’s life occurred just days before he was scheduled to accept the formal Republican nomination at the Republican National Convention. This marks the first assassination attempt on a U.S. president or major party candidate since Ronald Reagan in 1981. In response to the violence, President Joe Biden condemned the act, emphasizing that such violence has no place in America.
Following the incident, data from Polymarket, an Ethereum-based prediction market, showed a significant shift in Trump’s election odds. The ‘Yes’ shares for the contract on whether Trump will win the election rose from $0.60 to $0.70, indicating that traders now believe Trump has a 70% chance of winning in November. Conversely, Biden’s chances fell from 30% to 17%, while Vice President Kamala Harris sits at a 6% chance of winning according to Polymarket traders.
Experts and analysts also weighed in on the impact of the assassination attempt on Trump’s election prospects. Tina Fordham, a geopolitical strategist, suggested that the incident could accelerate the consensus view in favor of a Trump victory in the markets. Similarly, Nick Twidale, chief market analyst at AFTX Global, predicted an increase in Trump’s chances following the event.
In the cryptocurrency world, Trump-related memecoins experienced a surge in prices after the assassination attempt, with coins like MAGA and Donald Tremp seeing significant increases. Additionally, former crypto skeptic Trump has garnered support from the crypto community, including endorsements from prominent figures like Elon Musk and Justin Sun. Musk publicly endorsed Trump for the first time, highlighting his support for the former president’s stance on crypto policies.
Overall, the failed assassination attempt on Donald Trump has not only raised concerns about political violence in America but has also had a significant impact on the upcoming presidential election. Traders, analysts, and even cryptocurrency markets are closely monitoring the situation as the race for the White House intensifies.
