Polymarket users bet on whether Trump will say 'bitcoin' or 'dogecoin' in his inauguration speech

Quick Take

  • Individuals placed nearly $519,000 on the bet that Trump will say “crypto” or “bitcoin,” in addition to $326,000 that he’ll mention “doge” or “dogecoin,” in his Jan. 20 speech.

Users of the decentralized prediction market platform Polymarket have bet a total of $845,000 as to whether President-elect Donald Trump will mention crypto-specific keywords during his inauguration speech on Jan. 20.

Individuals placed nearly $519,000 on the bet that Trump will say "crypto" or "bitcoin," in addition to over $326,000 that he will mention "doge" or "dogecoin," in his speech. "Crypto" and "Bitcoin," both in one, have predicted 15% odds of success, while "doge" and "dogecoin," in another single bet, maintain 13% odds in favor.

The total trading volume in the prediction market forecasting what Trump will say in his inauguration speech surpassed $1.86 million as of publication.

Polymarket users betting on what Trump will say isn't new. Numerous prediction markets have emerged, particularly during the 2024 presidential election, attempting to predict what Trump will say at his campaign rallies, the second presidential debate and even a conversation with Elon Musk.

Polymarket saw $1.93 billion in trading volume in December, down 26.6% compared to the month prior, according to The Block's Data Dashboard.

Bitcoin traded at $93,500 while dogecoin was valued at $0.33 as of 4:22 p.m. ET (21:22 UTC) on Jan. 13, according to The Block's price pages for the tokens.


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© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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