It turned out that the market for crypto betting, which many have credited for their presets in the last US presidential election, is not so great in choosing the popes.
Cardinal Robert Francis Prestost, who was elected on Thursday for the first Roman Catholic Pope, was not among the popular on the Prediction Markets Polymarket, whose traders appreciated only 1.2% probability of its selection for the highest role of the Church.
The prevost, which last served as a prefect for dicasters for bishops in the Vatican, chose the name Leo XIV.
Cardinal Pietro Parolin, the State Secretary of the Vatican, was a pioneer with an assumed probability of 28%, while Cardinal Luis Antonio Šagle Filipin was considered the second most likely to be 21% from Wednesday to the polymarket.
Pestrost, 69, was born in Chicago, but spent most of his career in Peru before moving to Rome under the leadership of late Pope Francis.
Polymarket traders perform a web in a cryptocurrency cryptocurrency, allowing users to buy “yes” or “no” on the results of carefully monitored events.
Betting on the outcome of last year’s US elections led to a platform based in New York in October and November and recorded $ 2.3 billion and $ 2.6 billion to the volume of trading.
The site came under control after the merchant in France made massive betting on Donald Trump to win the US presidential election and help pushing the leading runner on the market predictions.
(Tagstotranslate) Crypto Betting Market
