Reported 21 days ago
As the U.S. election approaches, prediction markets have emerged as a popular platform for crypto speculators, with Donald Trump positioned as the favorite over Kamala Harris. Platforms like Polymarket and Kalshi report significant trading volumes, with Trump currently leading in odds despite closely contended opinion polls. Analysts debate the reliability of these markets, noting their potential biases towards crypto enthusiasts, while some argue they may offer more accurate forecasts than traditional polls. Overall, the betting activity has significantly outperformed past events on these platforms, raising questions about their sustainability post-election.
Source: YAHOO