Independent candidate Robert F. Kennedy Jr. has officially withdrawn from the 2024 U.S. presidential race. The decision was made public on August 22, following a document filed with the Arizona Secretary of State. This move precedes Kennedy’s planned speech in Arizona on August 23.
Kennedy’s withdrawal comes amid speculation that he could play a role in a potential Donald Trump administration. Just days before the announcement, Trump expressed openness to Kennedy joining his team if he decided to exit the race, according to a statement Trump made to CNN.
This development has significant implications for the upcoming election, which could, in turn, impact global cryptocurrency regulations. As the United States is the world’s largest economy, its stance on regulatory standards often sets the tone for international policies.
Trump Overtakes Harris in Polymarket Odds
In related news, former President Donald Trump has regained his position as the leading candidate in prediction markets, surpassing Democratic candidate Kamala Harris. Data from Polymarket shows that as of the latest update, 51% of users were betting on a Trump victory, while 47% supported Harris.
Trump’s odds have surged in the past week, overtaking Harris, who previously led with 52% on August 12. The shift in Polymarket betting reflects growing speculation about a Trump victory in the upcoming election.
Nicole Shanahan, the running mate of RFK Jr., suggested the possibility of a unity ticket with Trump. During an interview on the Impact Theory podcast on August 20, Shanahan hinted at exploring a partnership with Trump, citing the importance of making “real change” for the American public.
Kennedy had previously garnered support within the crypto community for his pledge to end anti-crypto policies and his proposal to back the U.S. dollar with Bitcoin (BTC).
