Pierre Ferragu Notes The Disconnect Between Media And Crypto-Based Polymarket On Trump-Harris Election Outcome: ‘I Love The Dissonance’

Pierre Ferragu, an analyst at New Street Research, recently expressed his views on the disconnect between prediction markets and the press regarding the 2024 U.S. presidential elections

What Happened: On Thursday, Ferragu took to X to highlight the contrasting narratives between the media and Polymarket— a so-called decentralized prediction market that used cryptocurrency to offer bets.

He pointed out that while Polymarket gave former President Donald Trump a greater than 60% chance of winning, the press painted a different picture, suggesting a tight race with Vice President Kamala Harris winning the popular vote, even though the Electoral College might favor the GOP nominee.