Following Trump's election victory, oddsmakers anticipate a massive $450 million payout from online betting sites, highlighting the growing divergence between prediction markets and traditional polls.
A Princeton neuroscientist asserts that prediction markets effectively 'measure crowd wisdom where no hard data is available,' suggesting they have become a new indicator of societal trends.
Kalshi's source of funding included tens of millions in loans from investors to accommodate anticipated payouts, demonstrating confidence in the prediction market environment.
Notably, a French bettor known as the 'Polymarket whale' stands to earn $80 million if Trump wins the popular vote, underscoring the high stakes involved.
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