The cloudy future of Crypto prediction markets: Lionel Laurent

Polymarket, a crypto prediction platform, gained attention for accurately forecasting Donald Trump's election win, outperforming traditional polls. An anonymous trader, "Theo," reportedly earned $85 million by analyzing overlooked indicators. However, rising scrutiny from regulators in the US and France, alongside concerns about market manipulation and biases, raise questions about the reliability of prediction markets. Experts suggest artificial intelligence could offer the next frontier in improving public opinion forecasting, though it too comes with risks.

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By Lionel Laurent ___STEADY_PAYWALL___