Is there really that much liquidity in these bets? Polymarket is just a broker right? So people are putting up tens of millions cumulatively on the other side of these random bets?
The only business at which Trump has ever really succeeded is money laundering. That might be a clue as to what is actually going on.
I wonder the same thing: who is taking the other side of these bets?
Probably not institutions, so it’s just retail gambling against insiders?