The huge buy is further proof that predictive betting sites are only a reflection of what degenerate gamblers are willing to spend.
Republican presidential nominee, former U.S. President Donald Trump arrives to campaign rally at the Cobb Energy Performing Arts Centre on October 15, 2024 in Atlanta, Georgia.Four different accounts have pumped $30 million into the betting site Polymarket, swaying the site’s prediction in favor of a. The two candidates have been neck and neck since Harris entered the race in August, but Trump pulled ahead with a commanding lead in October.
Who would dump $30 million onto Polymarket to swing the odds in Trump’s favor? It’s a mystery that may never have an answer. It could be a person looking for an enormous payday if Trump wins or, possibly, someone trying to create pro-Trump buzz on social media. The crypto-backed betting site Polymarket repeatedly bills itself as the future of news. But the site is not an indicator of reality. It’s a reflection of what degenerate gamblers are willing to wager on a coin flip.
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