As reported by Odaily, on December 19, Donald Trump claimed that the Trump Gold Card had generated $1.3 billion in sales, calling the sales 'booming.' Polymarket has labeled the claim as 'fraudulent,' noting that the prediction market platform still assigns an 88% probability to the outcome that 'Trump Gold Card sales will be $0 this year.' Polymarket added a note to its prediction, stating that only data referring to finalized approvals with completed payments would be counted. Trump's December 19 statement and Howard Lutnick's claim of $1.3 billion in sales 'within days' do not meet the standard of 'finalized approvals with completed payments.' The Trump Gold Card is an investment immigration program launched by the Trump administration, allowing wealthy foreigners to obtain U.S. residency by paying a high fee (currently $1 million, plus a $15,000 processing fee).
Polymarket Disputes Trump's $1.3 Billion Gold Card Sales Claim
KuCoinFlashShare
Summary
Polymarket disputes Trump’s $1.3 billion Gold Card sales claim, calling it fraudulent. The prediction market platform gives an 88% chance that sales will hit $0 this year. Only finalized approvals with completed payments count, and Trump’s December 19 statement and Lutnick’s claim don’t meet that standard. On-chain news shows no matching transaction volume to support the claim. The Trump Gold Card is an investment immigration program requiring a $1 million fee. Recent inflation data has not spurred new interest in the program.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.