Pierre Ferragu, an analyst at New Street Research, recently expressed his views on the disconnect between prediction markets and the press regarding the 2024 U.S. presidential elections What Happened: On Thursday, Ferragu took to X to highlight the contrasting narratives between the media and Polymarket— a so-called decentralized prediction market that used cryptocurrency to offer bets. He pointed out that while Polymarket gave former President Donald Trump a greater than 60% chance of winning, the press painted a different picture, suggesting a tight race with Vice President Kamala Harris win…
