Crypto Markets Buzz with U.S. Election Speculation and Trump Influence

Prediction markets like Polymarket and Kalshi accurately predicted Donald Trump's election victory, outperforming traditional polls. These platforms, which allow betting on various outcomes, have gained popularity and are seen as a potential alternative to polling. However, concerns about market manipulation and the influence of wealthy individuals persist. Despite these issues, prediction markets are expected to grow, offering insights into political and other events by aggregating public sentiment through financial stakes.