Prediction markets like Polymarket spotlighted as providing more accurate forecasts compared to traditional election polls. These markets pegged Trump with a 60% chance of winning before the election, which escalated to 98.8% on election night itself. This was in stark contrast to the traditional media’s predictions at the time.
Polymarket had faced criticism from mainstream media, who accused them of favoritism towards Trump. However, their forecasts proved to be accurate, with even the New York Times later also predicting Trump's victory as more than a 95% possibility by early Wednesday.
The broader landscape indicated a shift toward more decentralized prediction markets being seen as reliable forecasters, often outperforming traditional methods that had previously dominated the arena.
