A cryptocurrency betting site run by a baby-faced boss were hailed as being 'more accurate than polls' for predicting Donald Trump's election win. The prediction prodigy Shane Coplan and his start-up Polymarket turned out to be more accurate than pollsters as traders bet on an easy Trump victory. Prediction prodigy Shane Coplan and his start-up Polymarket turned out to be …
A version of this story appeared in CNN Business’ Nightcap newsletter. But over on the betting platform Polymarket, the odds were much more solidly in former President Donald Trump’s favor. The emergence of that so-called Trump whale sparked intense scrutiny of Polymarket over the past several weeks, because it sure looked possible that an anonymous deep-pocketed investor was trying to …
It’s been a huge month for all the degenerate gamblers hoping to cash in on the United States’ elections. But the CFTC quickly filed an emergency motion seeking to block those markets while it appealed the decision, a situation that Kalshi claimed would be “devastating” for the company’s business, in part by driving would-be customers to rival apps like the …
