The chances of Donald Trump resigning have spiked over the last day on a cryptocurrency-based prediction market following speculation about the U.S. president's health and absence from public engagements over the last week.

Polymarket increased the chances of a presidential resignation after the Trump administration said there would be an Oval Office news conference at 2 p.m. ET Tuesday without specifying the reason for the event.

However, later White House spokesperson Karoline Leavitt told Newsweek in a statement "the President will be making an exciting announcement related to the Department of Defense."

The event follows days of speculation about Trump which included false claims he had died, and rumors of major health issues. Trump appeared to quash the rumors with a Truth Social post and he has been pictured in recent days heading to his golf course.

Why It Matters

Trump's last public engagement was a Cabinet meeting on August 26 but the lack of events since then have fueled speculation about the president's health, with some social media users even falsely claiming that he had died.

An empty schedule for the president could be explained by the Labor Day weekend. During his first term, Trump took summer vacations which included stints at his Bedminster, New Jersey club during August—14 days in 2017, 15 in 2018, 14 in 2019, and seven in 2020, during the Covid pandemic, CNN reported.

Adding to the febrile speculation in recent days were comments made by Vice President...

Read Full Story: https://news.google.com/rss/articles/CBMieEFVX3lxTE9BZk9PUklpVVBnU0NWNzdlMkxH...