Low liquidity led to massive slippage for one entity trying to buy up Trump “yes” shares in a short period. Sign up for Money Reimagined, was a weekly newsletter exploring the transformation of value in the digital age.

A trader's $3 million purchase of Trump election contracts on Polymarket caused a temporary price spike to 99% odds due to low liquidity

The huge buy is further proof that predictive betting sites are only a reflection of what degenerate gamblers are willing to spend.

Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.

Some investors in crypto-tied stocks are already partying like the former president is on his way back to the White House.

As crypto adoption continues to increase, here’s a look at where the presidential candidates stand on digital currency.