Cryptocurrency bettors are strongly believing that entrepreneur and former presidential candidate Andrew Yang will join tech mogul Elon Musk’s new political party.
What Happened: Yang had the highest possibility of joining Musk’s new political front before October, at 44%, according to the decentralized prediction tool Polymarket.
Notably, billionaire investor and entrepreneur Mark Cuban, an outspoken critic of Musk, had a 28% probability of joining the party as of this writing.
Polymarket, based on Polygon (CRYPTO: POL), allows users to buy “Yes” and “No” shares in USDC (CRYPTO: USDC) stablecoin. The shares representing the correct outcome are paid out $1 USDC each upon market resolution.
Yang has been seen leaning toward …