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Following the recent U.S. presidential election, prediction markets like Kalshi and Polymarket have gained attention for their accuracy in forecasting outcomes. Despite fluctuating odds, these platforms have positioned themselves as significant players in political betting, challenging traditional polling methods and reshaping public discourse around elections.
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As the 2024 U.S. presidential election unfolds, betting markets like Polymarket and Kalshi are gaining prominence, often predicting outcomes more accurately than traditional polls. This surge reflects a growing interest in alternative data sources amid significant campaign financing and voter engagement strategies.
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Following Donald Trump's election victory, expectations rise for a significant shift in cryptocurrency regulation. Trump has pledged to remove SEC Chair Gary Gensler, whose tenure has been marked by strict enforcement against digital assets. This change could lead to a more favorable environment for crypto companies in the U.S.
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On November 13, 2024, FBI agents raided the home of Polymarket CEO Shayne Coplan amid a Justice Department investigation into the company's operations. The raid follows Polymarket's controversial role in predicting election outcomes, particularly Donald Trump's recent victory, which contrasted sharply with traditional polling methods.