Biden Drops Out of Race: How Polymarket Traders Saw It Coming

Polymarket traders predicted Biden’s resignation. Prediction markets are among the most accurate forecasters. Traders have bet $300 million on the election outcome.  Prediction markets have become influential tools in forecasting. One of them is Polymarket, a decentralized and blockchain-based prediction platform, which allows traders to bet on all sorts of outcomes, including in politics. Recently, Polymarket experienced a surge in activity as traders speculated on President Joe Biden’s political future. Treaders bet nearly $80 million was wagered on Biden’s potential resignation, showing just how effective predictive markets can be.  Biden Resignation Shows Polymarket’s Predictive Power Prediction markets have once

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