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Bettors Lose Millions Predicting the New Pope as Polymarket Edge Fizzles Out

The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.

Ni Tim Craig|Edited by Aoyon Ashraf
Na-update May 9, 2025, 8:02 p.m. Nailathala May 9, 2025, 2:06 p.m. Isinalin ng AI
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Polymarket bettors get wiped out on new pope predictions. (Jacques M. Chenet/Getty Images)