Polymarket betters make predictions on the second U.S. presidential debate, and the FBI says investors have lost billions to crypto-related financial crime.

This is CoinDesk Daily. I'm your host, Jen Sanasi.

The second U.S. presidential debate and the first one between Kamala Harris and Donald Trump is set to take place tonight on ABC.

Betters are putting their money on what Harris and Trump will talk about, whether they'll shake hands and the result of the debate.

Polymarket traders are betting the traditional pollsters will give the debate to Harris with a 74% chance

that the Ipsos 538 survey will find that she wins it. The total amount bet on the

polymarket election contract has reached $850 million as November is around the corner. Betters

are still giving former president Donald Trump an edge against terrorists with the odds at 53 to 46.

According to a new report from the FBI, investors lost a record $5.6 billion to crypto-related financial crime in 2023.

That's up 45% from 2022.

The report shows that investment fraud was the most pervasive and expensive

type of crypto-related fraud in 2023. Of the more than 69,000 reports of crypto-related crime,

the agency received last year nearly half were reports of investment fraud and investment fraudsters

made off with a whopping $4 billion. While crypto crimes only made up about 10% of the complaints the FBI received, the $5.6 billion

figure was roughly half the overall loss by complainants.

And Tron, Tether, and TRM Labs are joining forces to fight financial crimes.

The task force called the T3 financial crime unit

will combat illicit activity involving USDT, the largest stable coin on Tron. A 2023 report from

TRM Labs showed that the Tron blockchain was home to nearly 45% of all illicit crypto volume. The

blockchain's founder Justin Sun said in a release that the creation of the task force

sends a clear message that illicit activity is not welcome in our industry.

That's it for CoinDesk Daily.

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