Prediction markets, such as Polymarket and Kalshi, have become open platforms for degens to bet on virtually everything. This time, degens are focusing on the possible indictment and arrest of former President Barack Obama, who has been identified as the ringleader of the Russiagate hoax—an alleged plot designed to convince electors that the Russian intelligence community was interested in getting President Trump elected in the 2016 election.
According to a press release issued by the Office of the Director of National Intelligence (ODNI), the Obama Administration “manufactured an Intelligence Community Assessment they knew was false,” to promote the idea that Putin was interfering directly in the elections to have Trump elected.
To this end, Director of National Intelligence Tulsi Gabbard claimed that the Obama Administration suppressed “evidence that disproved their false claims, disobeying Intelligence Community tradecraft standards, and withholding the truth from the American people.”
While Obama has indirectly denied his involvement in the so-called Russiagate hoax through a spokesman, stating that these allegations are “ridiculous” and “a weak attempt at distraction,” Tulsi Gabbard has called for action against those involved in this scheme.
Gabbard stressed:
No matter how powerful, every person involved in this conspiracy must be investigated and prosecuted to the fullest extent of the law, to ensure nothing like this ever happens again
Two options have surged on Polymarket, weighing on the possibility of legal actions against Obama as a result of these findings. One bets on the possible arrest of Obama this year, while the other wagers on a federal criminal indictment.
Nonetheless, even with the recent disclosure, participants doubt that Obama will be arrested or criminally indicted this year, with less than 7% betting on this to happen at the time of writing.
Read more: Polymarket Degens Bet on Astronomer CEO’s Divorce Following Kiss Cam Incident
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