The election of Robert Prevost as Pope Leo XIV marked a historical moment as he became the first American Pope. This event surprised many, including prediction markets like Polymarket, which had given him only a 0.3% chance of election. The swift shift in betting patterns toward Italian Cardinal Pietro Parolin just before the announcement underscored the unexpected nature of Prevost's selection. Additionally, Prevost's unique identity includes a cultural connection, being the first Pope with ties to American consumer culture, shown by his humorous retweet of 'Catholic Snoopy' posts.
The Vatican shocked the world today when the Chicago-born American and Peruvian was named Pope Leo XIV before taking to the balcony of St. Peter's Basilica to greet the world as Holy Father.
Prevost is the first American Pope, and appears to be the first Pope to retweet Catholic Snoopy posts.
Polymarketers were absolutely blindsided - highlighting how Polymarket's oft-exalted predictive prowess isn't always all it's cracked up to be.
In short, Polymarketers were absolutely blindsided - highlighting how Polymarket's oft-exalted predictive prowess isn't always all it's cracked up to be.
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