Tech's Winners and Losers From Trump's Election | Commentary
11/08/2024 04:30 PM
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: Winner: prediction markets Source: Polymarket Heading into election day, both Polymarket and Kalshi had Donald Trump as . . .
