What are the odds?

We are not a current events podcast. We are not a current events podcast. We are not a…. but a current event did happen in November of 2024, and it turns out that Polymarket, a blockchain-based prediction market, got pretty big during it. “Pretty big”. Well, Polymarket attracted over 3 billion dollars betting on the outcome of the 2024 US presidential election.  So, who won? Oh gosh oh gosh we’re not talking about the election. But “who won” is pretty important for settling those 3 billion dollars of bets.  Join us as we dive into Polymarket, and UMA - the “decentralized truth machine” that resolves the outcome. Sometimes on the blockchain, “truth” is what the tokenholders say it is. And the market cap of UMA’s coin - well it’s certainly less than three billion.  How much does the truth cost? Show notes: Polymarket Election Event