The rise of betting markets for the 2024 election marked a shift in coverage, as pundits began factoring these markets into forecasts, believing they reflect real sentiments.
With $3.2 billion wagered on the outcome of the Harris-Trump matchup on Polymarket, a majority of this amount indicated a strong preference for Trump among bettors.
Prediction markets, though increasingly visible in election discourse, do not fully capture voter sentiment due to their dependence on fluctuating betting volumes and external influences.
The 2024 election saw an unprecedented scenario where a sitting President was pushed out by his party, and a mixed-race woman took his place, reshaping political dynamics.
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