U.S. Election Betting: Polymarket ‘Manipulation’ Claims Miss the Mark
The manipulation narrative is an attempt by mainstream media to discredit Polymarket’s election odds and control the narrative, one expert said.
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The manipulation narrative is an attempt by mainstream media to discredit Polymarket’s election odds and control the narrative, one expert said.
How will Polymarket and Kalshi resolve their presidential bets if there’s another Jan. 6 or Bush v. Gore situation?
Initially, Kalshi’s feeds will power perpetual futures contracts on decentralized exchanges. Eventually, the centralized betting platform might referee on-chain prediction markets.
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.
Better Markets is using Polymarket’s “French connection” as ammo against the prediction market’s regulated competitor.
The former president’s probability of retaking the White House slid to 59% Wednesday before rebounding.
If you think the Trump bulls are wrong, bet against them.
In just three weeks, Kalshi’s presidential prediction market has passed $30M in volume. It still trails Polymarket’s $2 billion.
A federal judge “erred” in letting prediction market purveyor Kalshi list and trade election contracts, attorneys for the U.S. Commodity Futures Trading Commission argued in a brief to an appellate court Wednesday, reiterating many of the arguments it made during its case before the lower court.
A note from Kalshi’s market research team suggests the prediction market – polls gap can be explained by Harris’ sliding popularity with key demographics.