Polymarket saw $600 million in election trades after the elections were over
Summary
Prediction market platform Polymarket recorded hundreds of millions of dollars in trading volume on the US presidential contest even after the voting had concluded. While some forecasters outperformed traditional polling during the race, this post-election activity highlights unusual patterns on prediction platforms.
Prediction market boosters often tout the platforms as barometers of public opinion, or even “truth machines” offering a clearer picture of where things are headed than polling or other data. In 2024, for example, Kalshi beat many pollsters in forecasting the outcome of the US presidential race. But their trading activity can also tell more perplexing stories. Two global election…
Source: Read the full story at Ars Technica - All content