Large Bets In Election Prediction Market Are From Overseas
The large betting prediction markets do not allow for election bets from Americans, but this has not stopped some poll aggregators from including the numbers as if they were quasi-polls. They're not. Simply fever dreams of crypto bros online for what they want to happen, not necessarily what will happen based on people who actually matter, the voters.
They discussed this weird phenomenon on Bill Maher's Real Time. Mark Cuban also mentioned that he's an investor in Polymarket.
Source: Reuters
NEW YORK (Reuters) -Four accounts on crypto-based prediction market Polymarket that placed large bets on former President Donald Trump winning the 2024 election, and have been the subject of much online speculation, are owned by non-Americans or a non-American, according to a source familiar with the matter on Friday.
Opinion polls indicate a likely close match between Trump and Vice President Kamala Harris in the vote on Nov. 5. However, the odds have diverged on Polymarket, with Trump pulling strongly ahead at a 60% chance of winning versus Harris on 40%.