Polymarket Contradicts Its Oracle Service in Rarity for Prediction Market
Nearly all UMA voters said that the son of Donald Trump was not involved in the creation of the DJT token
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Nearly all UMA voters said that the son of Donald Trump was not involved in the creation of the DJT token
Plus: $DJT believers dispute the resolution of a Polymarket bet, insisting the “preponderance of evidence” shows Barron Trump’s involvement.
Meanwhile, there’s a prediction market on whether the U.K. newspaper The Guardian will correct an article about prediction markets.
With a 56% chance of winning, according to the prediction market’s traders, the former president has a 22-point lead over the incumbent, far bigger than what the polls indicate.
Plus, how much longshot money was made betting on the SEC approving an Ethereum ETF?
The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of event contracts that bet on the outcome of political activity in a vote on Friday, beginning an effort to wall off U.S. customers from platforms that allow the trading of predictive contracts.
Also: Trump faces likely conviction, per Polymarket punters; CFTC hearing to discuss political betting ban.
Also, the CFTC wants to bar Americans from betting on elections – even though it’s already illegal in most U.S. states.
Continuing pro-Palestine protests won’t lead to Minouche Shafik having a fate similar to Claudine Gay, who was recently forced to resign as Harvard’s president, the prediction market signals. Plus: Kalshi bettors don’t think Taylor Swift will break her record.
An introduction to Futarchy and combinatorial prediction markets.