Donald Trump recently announced the launch date for his crypto-focused platform, World Liberty Financial, aiming to attract crypto investors' votes as the U.S. presidential election approaches.
Trump’s announcement increased confidence among bettors on a major prediction market called Polymarket. Initially, 84% of bettors believed Trump would introduce his token before the election, but that number has since dropped to 69%.
World Liberty Financial is set to launch on September 16 and will feature services like a digital wallet for lending and borrowing, a credit account system, and asset storage. It will also offer U.S. investors access to decentralized finance (DeFi) products. The platform has partnered with DeFi lender Aave and will likely operate on the Ethereum network.
The platform will use a governance token named WLFI. This announcement has strengthened the belief among bettors that Trump will launch a token.
Polymarket bettors have been speculating since mid-June about the possibility of Trump launching a token, coinciding with a surge of Trump-related meme coins in the crypto market.
Polymarket’s prediction market will resolve to “Yes” if Trump launches a new token before November 4, 2024. If no token is launched, the market will resolve to “No.”
