🌍 Europe 3d ago · Matt Muir

Can prediction markets survive the MAGA crash?

New European
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Can prediction markets survive the MAGA crash?
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Until last week, anyone with a crypto wallet could bet on whether any of seven Cornell fraternity brothers accused of rape would be charged with a felony. More than $450,000 changed hands before Polymarket, the site hosting the market, pulled it after a public outcry, explaining that it believed in the wisdom of crowds and had “heard them loud and clear”.

Think of gambling in the US and your mind will likely be drawn to Vegas, all sequins and fountains; older readers may hark back to the romant

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