Trump contract buying causes brief mispricing on Polymarket

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Cointime2024/10/25 07:45

By:Cointime

Polymarket experienced a brief mispricing when an individual or entity purchased over 4.5 million Trump contracts for the 2024 Presidential Election, causing the odds to reach 99% due to the mechanics of the order book. This highlights how large trades can temporarily skew betting odds on prediction platforms, despite the actual market odds being around 63% at the time. Data shows that Republican Donald Trump's presidential victory odds on Polymarket spiked to 99% for one entity briefly on Friday due to their constant buying, resulting in a temporary mispricing in the order book.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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