Betting odds on Polymarket for Donald Trump launching a cryptocurrency token before the November election recently jumped to over 84%. This spike followed his announcement about the World Liberty Financial crypto project. However, the odds later reversed.

The market has seen more than $1.7 million in bets. It will resolve to "Yes" only if Trump personally issues a verifiable token on a blockchain by November 4, 2024. Plans for a governance token called "WLFI" are mentioned in the project's white paper, but that alone isn’t enough.

Just yesterday, the odds for the question "Will Trump launch a coin before the election?" were only 40%. A month ago, they were at just 16%. But after Trump announced the release date for the World Liberty Financial project, everything changed.

As of now, the market has attracted significant attention from Polymarket users. It will confirm a "Yes" if there’s solid proof that Trump is involved in deploying a new token by the deadline.

Keep in mind, plans or mere confirmations won’t cut it. The market needs an actual token issued on a blockchain that everyone can verify.

A copy of the World Liberty white paper, reviewed by CoinDesk, outlines plans for a non-transferable governance token named "WLFI." However, it’s still unclear what role Trump will play in the project.

Despite the uncertainties, some Polymarket users are taking their chances. One user, “Car,” who holds over 4,400 yes shares, stated, “The development team already launched multiple test tokens on Ethereum. Funnily enough, that's enough to resolve this market to YES.”

Another user, “563defi,” holding 6,600 yes shares, added, “Non-fungible tokens are indeed Tokens,” referring to Trump’s lineup of NFT projects.

On the flip side, skeptics are voicing their doubts. User “Tenebrus7,” who holds 2,000 “No” shares, commented, “Even if a token launches, it will be his son's. After the scam, Trump will not want to be associated with it anytime soon.”