After the Golden Globes, Polymarket’s Near-Perfect Accuracy Raised Eyebrows

Polymarket, the world's largest prediction market, partnered with the Golden Globes and created 28 polls for the event. Users placed at least $2.5 million in wagers across these polls, resulting in a near-perfect 96% accuracy rate, correctly predicting 26 out of 27 outcomes. This high accuracy, coupled with a recent partnership announcement, has renewed scrutiny regarding potential insider trading on these loosely regulated platforms. This follows other recent controversies, including a White House briefing prediction on Kalshi and a trader making over $400,000 on Polymarket just before the U.S. captured Nicolás Maduro. Furthermore, Polymarket has received investment from 1789 Capital, a firm affiliated with Donald Trump Jr. The success of the Golden Globes polls suggests that similar prediction markets may become a standard feature for future awards ceremonies, like the upcoming Oscars, where Polymarket already lists outcome polls.

(Source：BeInCrypto)