The Polymarket Bubble: Everyone Is Betting on the US Election

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The Polymarket Bubble: Everyone Is Betting on the US Election
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Election betting is big, and people across the aisle are all in.

On Sunday, a quote-tweet from Musk sent former presdient Donald Trump ’s election odds skyrocketing on the election betting platform Polymarket. “Trump now leading Kamala by 3% in betting markets,” wrote Musk. “More accurate than polls, as actual money is on the line.” The day after Musk’s tweet, Trump was up by nearly 10 points on the platform.

In 2017, he tweeted, “I will be allowing, as president, the long blocked and classified JFK FILES to be opened,” only to block the release of thousands of sealed and redacted records five days later, citing “potentially irreversible harm to our Nation’s security.” It appears, though, that there are previously unknown and highly intriguing records which he or Kamala Harris could order to be released, or at least investigated, if elected. The question now is whether they will.

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