Anonymous Crypto Holders Are Swaying Millions in Polymarket Bets
Prediction markets like Polymarket and its rival Kalshi are making rapid strides into the world of traditional finance after hitting the headlines for correctly calling the 2024 presidential election.
Photographer: Gabby Jones/BloombergWith a global exchange that lets traders bet on the outcome of real world events — everything from elections to how often Elon Musk posts on X — Polymarket has become the talk of both Silicon Valley and Wall Street.
What’s less talked about: Sometimes those outcomes are decided not by objective facts, but by a group of anonymous crypto traders thrashing it out in an online chatroom.