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Why prediction markets failed to see the American pope coming
edition.cnn.com/2025/05/09/business/online-betting-markets-failed-pope
The wisdom of crowds is no match for the whims of the Holy Spirit.
This week, the ascension of the first American pope surprised many, including the theoretically neutral online betting sites Polymarket and Kalshi.
The sites, which allow people to wager on the outcomes of various events,…
This story appeared on edition.cnn.com, 2025-05-09 00:00:00.