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Polymarket predicts Trump’s vice presidential election – but what do the candidates think about cryptocurrencies? – DL News

  • Donald Trump will soon announce his vice presidential candidate.
  • Polymarket gives North Dakota Governor Doug Burgum a good chance of winning.
  • But what is his – and other hopefuls’ – stance on cryptocurrencies?

Presumptive Republican presidential candidate Donald Trump may announce his candidate for vice president before Thursday's debate with his opponent Joe Biden, the current US president.

A report in The hill said North Dakota Governor Doug Burgum is currently the favorite.

Crypto betting platform Polymarket estimates Burgum’s chances of winning the bid at 40%.

However, he could face strong competition from the wing of the Republican Party that is more committed to “Make America Great Again” (MAGA).

JD Vance and Marco Rubio – senators for Ohio and Florida respectively – are also considered strong candidates for the vice-presidential post.

On Polymarket, you could bet on Vance at 15% or Rubio at 6%.

Polymarket gives entrepreneur Vivek Ramaswamy a 12 percent chance of becoming Trump's running mate.

However, Trump has reportedly excluded crypto enthusiast Ramaswamy and instead nominated him for a cabinet post.

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Still, Ramaswamy's appearance in Polymarket's betting pools is a sign that crypto investors are hopeful ahead of the election that the industry's backers will find powerful positions in a Trump administration.

Trump explicitly positioned himself as a pro-crypto president and courted investors and Bitcoin miners.

Will his deputy also be open to industry?

Let’s take a look at his much-vaunted running mates and their stance on cryptocurrencies.

Doug Burgum

As one columnist dryly noted, Burgum combines the qualities Trump particularly values ​​in a man: he is wealthy and has healthy hair.

Burgum, who advises the Trump campaign on energy policy, is the richest governor in the United States with a net worth of $100 million.

With Burgum's approval, crypto miner Bitzero announced plans in 2022 to build a facility on the site of a Cold War-era missile base in the North Dakota prairie.

At the time, Burgum hailed it as “solidifying North Dakota’s status as a global hub for data center development.”

There is an opportunity to buy a token called $BURGUM. The project's website states that its mission is to support Burgum's campaign for vice president.

According to CoinGecko, the project has a market capitalization of $4.25 million.

JD Vance

Of all the vice presidential candidates, Vance is probably closest to Trump ideologically.

He is a former Marine and venture capitalist with deep roots in Silicon Valley and a staunch proponent of cryptocurrencies.

Citing MAGA culture war rhetoric, Vance said crypto is one of the few sectors of the U.S. economy where “conservatives and other freethinkers can operate without the pressure of the social justice mob.”

As a senator, he introduced a bill to prevent regulators from denying crypto companies access to banking services.

Marco Rubio

Rubio has not said much publicly about cryptocurrencies.

However, like many Republican politicians, he seems concerned about central bank digital currencies.

Rubio has supported bills to prevent the development of a digital dollar and restrict the use of China's digital yuan.

However, there is a Marco Rubio-themed memecoin.

Contact the author at [email protected].

Anna Harden

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