The creation of the new "inauguration" contract emphasizes concerns about potential disputes post-election and the unpredictability surrounding election outcomes in a fractured political climate.
According to Koleman Strumpf, an economics professor, the upcoming election could lead to significant unrest similar to past disputes, highlighting the volatile nature of prediction markets.
Polymarket’s heavily traded "winner" contract and the new "inauguration" contract illustrate the complexities of betting on election outcomes in a politically charged environment.
Prediction markets rely on clear outcomes of real-world events, but the potential for contested results, as seen in previous elections, presents unique challenges for traders.
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