Just 1% of wallets control $133M in midterm odds on Polymarket, creating a dangerous illusion of mass public consensus
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Just 1% of wallets control $133M in midterm odds on Polymarket, creating a dangerous illusion of mass public consensus - Invest In Crypto News
The Nov. 3 midterm election is less than 11 weeks away, and its betting market had already surpassed the full 2024 congressional cycle in the latest comparable data. Traders had placed at least $133 million across markets tied to House and Senate races by Aug. 10, compared with $92.4 million during all of 2024. The menu expanded from 464 comparable congressional markets to 7,466, covering primaries, vote shares, turnout, endorsements, candidate …
CryptoSlate
BITRSSJust 1% of wallets control $133M in midterm odds on Polymarket, creating a dangerous illusion of mass public consensus
The Nov. 3 midterm election is less than 11 weeks away, and its betting market had already surpassed the full 2024 congressional cycle in the latest comparable data. Traders had placed at least $133 million across markets tied to House and Senate races by Aug. 10, compared with $92.4 million during all of 2024. The menu expanded from 464 comparable congressional markets to 7,466, covering primaries, vote shares, turnout, endorsements, candidate …
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