Mark Cuban, the billionaire investor, has expressed skepticism about the decentralized prediction market Polymarket's reliability in forecasting the results of the 2024 U.S. presidential election. He contends that the platform's predictions are primarily influenced by foreign investments, which undermines their credibility. Cuban noted that Polymarket's odds currently favor Donald Trump at 64.1% against Vice President Kamala Harris at 36.1%. With over $600 million wagered on Trump and $400 million on Harris, Cuban highlighted that U.S. citizens are restricted from betting due to prior regulatory actions by the Commodity Futures Trading Commission. Additionally, he mentioned that the odds on Polymarket could be skewed by a few accounts investing heavily in specific outcomes. Although he questions the platform's predictive power, Cuban acknowledged his indirect investment in Polymarket through a crypto fund.

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