1. Technology & Innovation

Tech’s Winners and Losers From Trump’s Election

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The 2024 election was one for the gamblers. Prediction markets like Polymarket and Kalshi played a significant role in a U.S. presidential contest for the first time, correctly forecasting the outcome. Silicon Valley’s VCs loudly backed Trump, betting he’d win and deliver a return. And Elon Musk turned X into a megaphone for his Trump endorsement, putting all $44 billion on red. 

Did these bets pay off? And who lost? Here’s a rundown of 2024’s winners and losers in a bonus edition of Big Technology:

Winner: Prediction Markets

Source: Polymarket


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