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The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.
Bettors spent more than $40 million gambling on the outcome of the most recent papal conclave, on prediction market platforms ...
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 ...
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 ...
There’s a lot of holy rollers out there. Bettors have placed millions of dollars in wagers on the papal conclave, and not ...
Robert Prevost was a 100-1 long shot at UK sportsbooks last week to be the first American pope and successor to the late Pope ...