Prediction markets thrived, Elon got his wish, Facebook sat out, podcasts dominated, and Silicon Valley mattered.
Nov 07, 2024
∙ Paid
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The 2024 election was one for the gamblers. Prediction markets like Polymarket and Kalshi played a significant role in a U.S. presidential contest for the first time, correctly forecasting the outcome. Silicon Valley’s VCs loudly backed Trump, betting he’d win and deliver a return. And Elon Musk turned X into a megaphone for his Trump endorsement, putting all $44 billion on red.
Did these bets pay off? And who lost? Here’s a rundown of 2024’s winners and losers in a bonus edition of Big Technology:
Winner: Prediction Markets
Source: Polymarket
