Summary

Article Metadata

Political Betting Intensifies in 2020s

This is a meme news story, published by Slate Magazine, that relates primarily to Polymarket news.

meme news

For more meme news, you can click here:

Polymarket news

For more Polymarket news, you can click here:

more Polymarket news

News about Us federal elections

For more Us federal elections news, you can click here:

more Us federal elections news

Slate Magazine news

For more news from Slate Magazine, you can click here:

more news from Slate Magazine

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best politics news, business news, entertainment news, and much more. If you like this article about Us federal elections, you might also like this article about

political betting

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest political prediction markets news, political forecasting news, news about Us federal elections, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Slate Magazine

Slate Magazine

•

Have a Bunch of Degenerate Gamblers Figured Out How to Predict Elections?

Slate Magazine

Summary

Nutrition label

82% Informative

Political betting has become an intractable feature of every race.

It's hardly surprising that the era of meme stocks, cryptocurrency speculation has fueled enthusiasm over the prospect of making a buck on the future of our democracy.

The 4-year-old Polymarket app and its users have notched impressive wins lately, having predicted Biden 's withdrawal from the 2024 race.

Polymarket lets users bet on who the next Bond actor will be or when Japan will lower interest rates.

The platform saw a heavy drop in user interest earlier this month , likely thanks to broader market travails as well as the end of the Olympics .

In 2020 , Polymarket ’s choice to use the Ethereum blockchain for its trades gained it favor with crypto true believers like Naval Ravikant.

VR Score

81

Informative language

79

Neutral language

45

Article tone

informal

Language

English

Language complexity

64

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

49

https://www.socialscience.international/aiden-singh-predictit-inefficiencies https://learn.polymarket.com/what-is-polymarket https://finance.yahoo.com/news/court-sides-predictit-cftc-actions-201500071.html https://t.co/VpSkFssGkP https://x.com/NateSilver538/status/1600309376010502145 https://x.com/shayne_coplan/status/1823750577928458613 https://www.axios.com/2024/07/16/nate-silver-polymarket https://www.forbes.com/sites/rorymurray/2020/10/19/polymarket-raises-massive-4-million-round-from-polychain-naval-ravikant-other-notable-investors/https://statmodeling.stat.columbia.edu/2022/11/16/how-good-are-election-prediction-markets/https://www.bloomberg.com/news/newsletters/2024-07-31/what-betting-markets-like-polymarket-predictit-tell-us-about-2024-election https://t.co/K94iPaUBvF https://x.com/wfithian/status/1806743457274499263 https://x.com/shayne_coplan/status/1790404900716794223 https://twitter.com/Polymarket/status/1823801428416270455?ref_src=twsrc%5Etfw https://twitter.com/Polymarket/status/1819071512835449082?ref_src=twsrc%5Etfw https://www.politico.com/news/2024/05/10/cftc-election-betting-ban-00157304 https://x.com/NateSilver538/status/1813646466860167388 https://x.com/NateSilver538/status/1326348588323131393 https://t.co/7eJSI48NCv https://x.com/NateSilver538/status/864620186506149888 https://polymarket.com/event/trump-convicted-by-election/trump-convicted-by-election https://www.cftc.gov/PressRoom/PressReleases/8478-22 https://twitter.com/PopulismUpdates/status/1521595121933840385?ref_src=twsrc%5Etfw https://t.co/NFQ68V7H2a https://x.com/shayne_coplan/status/1790404892705562915 https://electionbettingodds.com/about.html#whyBetfair https://twitter.com/share?text=Have+a+bunch+of+degenerate+gamblers+figured+out+how+to+predict+elections%3F&via=slate&url=https%3A%2F%2Fslate.com%2Ftechnology%2F2024%2F08%2Fpolymarket-nate-silver-prediction-markets-gambling.html%3Futm_medium%3Dsocial%26utm_campaign%3Dtraffic%26utm_source%3Darticle%26utm_content%3Dtwitter_share https://x.com/NateSilver538/status/1321902309010530307 https://www.forbes.com/sites/ninabambysheva/2024/07/31/meet-the-26-year-old-building-a-billion-dollar-prediction-marketplace/https://cointelegraph.com/news/us-senators-call-cftc-ban-election-betting https://www.coindesk.com/business/2024/05/14/peter-thiels-founders-fund-vitalik-buterin-back-45m-investment-in-polymarket/https://t.co/5vSdtwszwT https://x.com/NateSilver538/status/1590168963446878209 https://www.washingtonpost.com/lifestyle/style/heres-how-to-legally-gamble-on-the-2016-race/2016/03/28/14397dde-f1dc-11e5-85a6-2132cf446d0a_story.html https://www.washingtonpost.com/sports/2022/11/02/political-betting/https://smarkets.com/event/43453965/politics/us/2024/11/05/00-00/congress/2024/11/05/00-00/2024-house-of-representatives-control https://www.ettingermentum.news/p/the-art-of-losing-a-fivethirtyeight-627 https://www.ettingermentum.news/p/the-art-of-losing-a-fivethirtyeight https://nymag.com/intelligencer/article/nate-silver-on-how-to-predict-baseball-games-and-elections.html https://x.com/NateSilver538/status/1312531917049221120 https://x.com/Polymarket/status/1820615419540984048 https://www.axios.com/2024/07/22/prediction-markets-biden-drop-out https://www.motherjones.com/politics/2023/06/titanic-submarine-bets/https://www.theblock.co/post/310762/polymarkets-open-interest-falls-off-a-cliff https://www.facebook.com/sharer.php?u=https%3A%2F%2Fslate.com%2Ftechnology%2F2024%2F08%2Fpolymarket-nate-silver-prediction-markets-gambling.html%3Futm_medium%3Dsocial%26utm_campaign%3Dtraffic%26utm_source%3Darticle%26utm_content%3Dfacebook_share https://x.com/ArmandDoma/status/1820580862158893443 https://x.com/Polymarket/status/1821870540539232372 https://techcrunch.com/2024/08/12/prediction-market-polymarket-partners-with-perplexity-to-show-news-summaries/https://www.pbs.org/newshour/show/prediction-market-prophets-bet-wrong-president

Affiliate links

no affiliate links

Read full article