Bettors spent more than $40 million gambling on the outcome of the most recent papal conclave, on prediction market platforms ...

The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.

Off Base Polymarket, the crypto-based prediction market where users can place bets on events ranging from national elections ...

Italy’s Pietro Parolin leads odds on the Polymarket and Kalshi betting platforms, while Luis Antonio Tagle of the Philippines ...

A handful of bettors scored massive payouts upon the selection of the new leader of the Catholic Church, Robert Francis ...

This week, the ascension of the first American pope surprised many, including the theoretically neutral online betting sites ...

The centuries-old tradition of wagering on papal elections was in full swing on Day 1 of the conclave. As black smoke emerged ...

It turns out the crypto betting market that was credited by many for its prescience in the last US presidential election ...

You could have made a lot of money by betting against the conventional conclave wisdom. Why it matters: Prediction markets ...

Betting markets and papal forecasters were wildly off in conclave predictions, with only a few gamblers pulling down big ...

By Thursday morning, crypto betting site Polymarket handled nearly $26 million worth of wagers on the event. Prediction ...