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‘Prediction markets’ set to pay out $450M to election bettors
Following Donald Trump’s election victory, thousands of bettors now anticipate a potential $450 million payout from online betting sites, says Reuters. As
Following Donald Trump’s election victory, thousands of bettors now anticipate a potential $450 million payout from online betting sites, says Reuters. Talking with the outlet, a Princeton neuroscience professor credited the markets’ ability to “measure crowd wisdom where no hard data is available.” Backers in Kalshi, a venture-backed exchange that invites people to bet on the outcomes of cultural events, plainly saw what was coming.
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