Election betting surged during the 2024 presidential campaign, and the rising popularity of gambling on politics has drawn the attention of at least one government watchdog. Polymarket, the crypto-based betting site which saw four accounts tied to one ...

The vast majority of Polymarket users have lost money on the prediction market platform, fueling profits for a small sliver of whales.

Tuesday night's election returns were a shocker if you only watched CNN. But not if you'd looked at the betting all along.

In the weeks leading up to the 2024 presidential election, what appeared to be a small group of traders dumped millions of dollars into Polymarket, betting that Donald Trump would win. It turns out it was just one French whale who had pushed tens of millions of dollars into the market,