Prediction markets are set to pay $450 million to election bettors

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After Donald Trump’s election victory, thousands of bettors are anticipating a potential payout of $450 million from online betting sites. Reuters says. As Trump’s odds of winning rise in so-called prediction markets towards the end of the race, platforms such as… everything and Polymarket This election gained attention because it deviates sharply from traditional opinion polls, which indicated a very close race.

Speaking with the outlet, the Princeton University neuroscience professor attributed the relative accuracy of markets to their ability to “measure the wisdom of crowds in the absence of hard data.”

Clearly, Calci’s backers saw what was coming. As TechCrunch reported last week, its investors have lent the company tens of millions of dollars in short-term loans to pay off its customers.

Their individual gains may pale in comparison to a Polymarket bettor known as “Bullymarket whale“. Reuters also refers to the French Ex-trader She made $40 million worth of Trump-related bets on the site. If Trump also wins the popular vote, the “whale” will walk away with $80 million.

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