In the last hours of President Biden's time in office, an anonymous trader used a prediction market called Polymarket to place very successful bets about who would receive pardons. While most people thought these bets were unlikely to pay off, the trader continued to invest significant money. Prediction markets allow people to bet money on the outcome of future events, like political decisions or election results.
The trader won nearly $300,000 by correctly guessing which individuals Biden would pardon. This surprising win gained attention from financial news outlets and raised questions about how much these markets can predict real political events. Some experts believe prediction markets might be more accurate than traditional polls because they involve real money.
Sources: npr.org
The words in bold are from the article.
| 1. anonymous | a. forecast |
| 2. prediction | b. improbable |
| 3. lucrative | c. precise |
| 4. unlikely | d. conventional |
| 5. significant | e. unknown |
| 6. pardon | f. forgiveness |
| 7. outlets | g. profitable |
| 8. accurate | h. publications |
| 9. traditional | i. happenings |
| 10. events | j. substantial |
1.e 2.a 3.g 4.b 5.j 6.f 7.h 8.c 9.d 10.i