Election watchers are always glued to polls, but now they’re also focused on prediction markets, where people can bet on the outcomes of anything from Federal Reserve meetings to Oscar nominations.
The overwhelming action is on politics—and no prediction market has gained more attention during the campaign than Polymarket, a crypto-powered platform that’s performing extraordinarily well in an election season that has seen major cash injections from the crypto industry. While political pundits were talking about Joe Biden’s chances for success, Polymarket was taking bets on whether and when he’d step aside, with many users correctly predicting the outcome.
