On November 3, Donald Trump won the 2024 US presidential election, with prediction markets like Polymarket proving more accurate than traditional polls. Trump had around a 60% chance of winning on the platform just 24 hours before the election, rising to 98.8% on election night. Polymarket has seen billions in trading volume, operating on crypto infrastructure.
Prediction markets have been praised for their forecasting power, with some experts cautioning against drawing sweeping conclusions from a single election cycle. The platform has seen intense activity during the election, with traders responding rapidly to incoming results and exit polls.
