Prediction Market Overview - Polymarket functions as a platform for betting on current events and future outcomes, such as elections [1] - Betting odds on Polymarket reflect the perceived likelihood of each outcome [1] - Polymarket aims to predict outcomes, differentiating itself from traditional polling which measures voter preference [3] Accuracy and Impact - Polymarket is considered a highly accurate predictor of future events [1] - Polymarket's predictions can diverge from mainstream media narratives, offering alternative perspectives [5] - Polymarket gained prominence by signaling potential shifts in political scenarios, such as Biden's possible withdrawal from the presidential race [5] 2024 Presidential Election - Polymarket users placed bets on the winner of the 2024 presidential election [2] - Early October saw Donald Trump gaining traction in Polymarket's betting odds [2] - Before President Biden's debate, Polymarket posted a question about Biden dropping out of the presidential race, with odds initially hovering between 10% and 30% [4]
What is Polymarket? #shorts
60 Minutes·2025-12-02 15:03