Prediction Markets Have A Break Out Night

Plus BTC from a big Silk Road address are on the move

Happy Wednesday, Blockfolians

The Lede

Holy moly have the last 24 hours been wild. After weeks of conventional wisdom and market anticipation around a “blue wave,” the results started pouring in and, lo and behold, it was looking a lot more red.

Prediction markets started to flip to Trump and all of a sudden, that was the dominant narrative. FTX market quotes were everywhere; PredictIt went down, and everyone was calling for Nate Silver’s early retirement.

In the wee hours of the morning as the picture came clearer, things shifted yet again.

What’s clear is that the expert, pollster driven world of politics is dead forever. Will prediction markets be what comes next?

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Highly Relevant Reading


Community Commentary

More discussion on prediction markets
This actually seems like a really big deal

A Really Big Number We Should Be Paying Attention To

69,369

That’s the number of BTC from a Silk Road associated wallet that are on the move.


Final Thought