Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.
Category: Polymarket (Adventure One QSS Inc)
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Betting Markets Favor Trump. But Their Record of Accuracy Is Mixed.
Proponents believe that having real money on the line, and a large crowd of investors, encourages a more accurate election forecast than polling data can provide.
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The French Connection to Trump’s Lead in the Prediction Markets
Polymarket said that it had linked a single trader to accounts that have wagered heavily on the Republican to win, pushing up his odds on the prediction market.
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Polymarket and PredictIt Gain Bets and Split From Polls
Supporters say the platforms are better at predicting the election. But questions have arisen about recent big bets, as they show a big lead for Donald Trump.