New ‘TRUMP’ Token Giving 62% Odds of US President’s Reelection

U.S. President Donald Trump tweeted last year he isn’t a huge fan of bitcoin and other cryptocurrencies. 

They’re “not money,” he wrote in July, saying their value is “highly volatile and based on thin air.”

Now, crypto traders outside the U.S. can make their feelings known – and perhaps some money – on the 45th U.S. president. This week a digital token, Trump 2020 with the symbol TRUMP, launched courtesy of cryptocurrency exchange FTX.

FTX says the new token will work like a futures contract, allowing traders to take long positions (Trump wins) or short ones (total loser).

“TRUMP expires to $1 if Donald Trump wins the 2020 U.S. presidential general election, and $0 otherwise,” FTX says in a posting on its website. 

Some online sites, such as Oddschecker.com, have set up venues to bet on the coming election, which is shaping up to be historic: Trump is expected to be the first incumbent president to face voters following an impeachment trial. The president was…