World's Largest Prediction Market Polymarket Is Trump Biased

It's clear that Polymarket leans pro-Trump, and you should be aware.

Oct 22, 2024 - 22:00
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World's Largest Prediction Market Polymarket Is Trump Biased

Seeing Bitcoin's price rally as Donald Trump takes the lead on the world’s largest prediction market, Polymarket, made me do some research on what Polymarket is and who uses it.

And now I have to say — I believe that Polymarket leans pro-Trump. We need to account for that bias, and here’s why.

Let's look at some data. Polymarket shows Trump surging to a massive 28% lead over Harris. Another prediction marketplace, Kalshi, also shows Trump leading by 18%. Meanwhile, most other polls have a tight race. This huge skew makes no sense - unless Polymarket's user base is disproportionately pro-Trump.

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