Speculation surrounding Joe Biden's participation in the upcoming presidential election has reached an all-time high, with Polymarket's prediction market indicating a 39% likelihood of him withdrawing from the race. This surge in speculation follows the presidential debate between Biden and Trump, which has sparked concerns about Biden's eligibility to serve another term as U.S. President.

The debate, which took place on June 28, 2024, has been widely discussed, with many expressing concerns about Biden's performance during the 90-minute debate. The Democratic Party has also reportedly considered Biden's performance as a "liability," although replacing him is deemed "very unlikely".

Polymarket's prediction market has attracted nearly $7.1 million in bets, with users speculating on the likelihood of Biden dropping out of the presidential race. In another Polymarket bet, over $190 million has been wagered on the winner of the 2024 presidential election, with 63% predicting a Trump win and 21% betting on a Biden victory.

The speculation surrounding Biden's participation in the election has also impacted the price of Jeo Boden, a meme token themed after the U.S. President, which has fallen 26% in the past 24 hours. Other politics-themed tokens, including those named after Trump, have also dipped in value during the same time frame.

The next U.S. presidential election is scheduled to take place on November 5, 2024, and the ongoing speculation surrounding Biden's participation is likely to continue in the coming months. Despite the concerns surrounding his eligibility, Biden remains a strong contender in the election, and his performance in the debate has sparked a lively discussion about his suitability for the role.

The surge in speculation on Polymarket's prediction market highlights the growing interest in the U.S. presidential election, with users eager to speculate on the outcome of the election. The platform's decentralized nature allows users to bet on the likelihood of various outcomes, providing a unique insight into the sentiment surrounding the election.

In conclusion, the speculation surrounding Biden's participation in the presidential election has reached an all-time high, with Polymarket's prediction market indicating a 39% likelihood of him withdrawing from the race. The ongoing debate about his eligibility and suitability for the role is likely to continue in the coming months, with the next U.S. presidential election scheduled to take place on November 5, 2024.