Prediction markets' reputation comes back to earth after surprise result in Wisconsin

Saptamana Financiara

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A surprise result in the Democratic primary for governor of Wisconsin has brought prediction markets back to the real world, after a period in which Polymarket and Kalshi were treated as near-infallible sources for predicting election results. Francesca Hong, a candidate associated with the progressive wing of the Democratic Party, was credited by both platforms with a roughly 95% chance of victory. Before the election, Polymarket even published…