"The promise of prediction markets is to harness the wisdom of the crowd to create accurate, unbiased forecasts for the most important events impacting society."
"As of Wednesday afternoon, there were at least nine different predictions you could place money on as they relate to the fire, demonstrating the interest and engagement from users."
Polymarket is providing these markets without any fees or revenue generation, emphasizing its aim to deliver real-time insights during critical events.
"Only 2% of bets said the fire would be contained by Friday, showing public skepticism amid the ongoing emergency that officials labeled as 'zero percent' contained."
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