{"id":1075854,"date":"2025-05-09T02:50:27","date_gmt":"2025-05-09T06:50:27","guid":{"rendered":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/crypto-prediction-platform-polymarket-was-utterly-wrong-about-the-new-pope.php"},"modified":"2025-05-09T02:50:27","modified_gmt":"2025-05-09T06:50:27","slug":"crypto-prediction-platform-polymarket-was-utterly-wrong-about-the-new-pope","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/futurism\/crypto-prediction-platform-polymarket-was-utterly-wrong-about-the-new-pope.php","title":{"rendered":"Crypto Prediction Platform Polymarket Was Utterly Wrong About the New Pope"},"content":{"rendered":"<p><\/p><div><img loading=\"lazy\" width=\"1200\" height=\"630\" src=\"https:\/\/wordpress-assets.futurism.com\/2025\/05\/polymarket-blindsided-new-pope.jpg\" class=\"attachment-full size-full wp-post-image\" alt=\"Cardinal Robert Prevost shocked the world, succeeding Pope Francis to become the first American Pope. Polymarket bettors were surprised, too.\" style=\"padding-left:10px; padding-right: 10px;\" decoding=\"async\"><\/div><h2>Papal Predictor<\/h2><p>Polymarket, the crypto-based prediction market where users can place bets on events ranging from national elections to <a href=\"https:\/\/futurism.com\/the-byte\/crypto-platforms-polymarket-bets-fire\">natural disasters<\/a>, got the Pope odds <em>way&nbsp;<\/em>wrong.<\/p><p>Those forecasts were reflected in Polymarket as well as the similar platform Kalshi, which both took a hard turn toward Parolin as the public caught sight of <a href=\"https:\/\/www.today.com\/news\/papal-conclave-white-smoke-meaning-rcna205603\">white smoke<\/a>, <a href=\"https:\/\/www.axios.com\/2025\/05\/08\/robert-prevost-pope-prediction-markets\">according to<em> Axios<\/em><\/a>. Meanwhile, market betters had Prevost hovering around a one-to-two percent chance of becoming the next Pope.<\/p><p>And yet, in a stunning twist of fate, it was the American-born Robert Prevost &mdash; a graduate of Villanova and the conclaver with the highest likelihood of ever consuming a hot dog and\/or $1.99 pizza slice from Costco &mdash; who clinched the title. According to a s<a href=\"https:\/\/x.com\/brewmarkets\/status\/1920546769269604441\">creenshot<\/a> posted to X-formerly-Twitter by <em>Brew Markets<\/em>, Prevost was sitting at around&nbsp;0.03&nbsp;percent when his shock election was announced.<\/p><p>In short, Polymarketers were absolutely blindsided &mdash; highlighting how Polymarket's <a href=\"https:\/\/www.nytimes.com\/2024\/10\/25\/technology\/polymarket-election-betting-crypto-trump.html\">oft-exalted<\/a> predictive prowess isn't always <a href=\"https:\/\/fortune.com\/crypto\/2024\/10\/30\/polymarket-trump-election-crypto-wash-trading-researchers\/\">all it's cracked up to be<\/a>.<\/p><blockquote data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Robert F. Prevost has been elected the first American pope in history.<\/p><p>Polymarket gave him just a 0.3% chance of being chosen. <a href=\"https:\/\/t.co\/QzD41JYpU9\">pic.twitter.com\/QzD41JYpU9<\/a><\/p><p>&mdash; Brew Markets (@brewmarkets) <a href=\"https:\/\/twitter.com\/brewmarkets\/status\/1920546769269604441?ref_src=twsrc%5Etfw\">May 8, 2025<\/a><\/p><\/blockquote><h2>Vatican Bombshell<\/h2><p>The Vatican shocked the world today when the <a href=\"https:\/\/www.nytimes.com\/2025\/05\/08\/us\/pope-leo-xiv-chicago.html\">Chicago-born<\/a> American and Peruvian was <a href=\"https:\/\/www.nytimes.com\/2025\/05\/08\/world\/europe\/new-pope-crowds-celebrate-balcony.html\">named<\/a> Pope Leo XIV before taking to the balcony of St. Peter's Basilica to greet the world as Holy Father.<\/p><p>Prevost is the first American Pope, and appears to be the first Pope to <a href=\"https:\/\/x.com\/MikeIsaac\/status\/1920535454304383474\">retweet<\/a> Catholic Snoopy posts.<\/p><p>Though Prevost was an ally of his predecessor, the late Pope Francis, he was by no means seen as the frontrunner; most <a href=\"https:\/\/www.nytimes.com\/article\/next-pope-francis-candidates.html\">expected<\/a> either Italian Cardinal Pietro Parolin or Filipino Cardinal Luis Antonio Tagle to ascend to the papacy.<\/p><p>The hard swing towards Parolin in the moments before the announcement broke was likely due to the conclave's speediness, as <em>Axios<\/em> pointed out.<\/p><p>Anyway, if you're a Polymarket who bet on the American Prevost to win the papacy, email us!<\/p><p><strong>More on Polymarket: <\/strong><a href=\"https:\/\/futurism.com\/the-byte\/crypto-platforms-polymarket-bets-fire\"><em>Crypto Platforms Like Polymarket Now Taking Bets on Los Angeles Fire Devastation<\/em><\/a><\/p><p>The post <a href=\"https:\/\/futurism.com\/polymarket-new-pope\">Crypto Prediction Platform Polymarket Was Utterly Wrong About the New Pope<\/a> appeared first on <a href=\"https:\/\/futurism.com\">Futurism<\/a>.<\/p><p>The rest is here:<br><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/futurism.com\/the-byte\/polymarket-new-pope\" title=\"Crypto Prediction Platform Polymarket Was Utterly Wrong About the New Pope\">Crypto Prediction Platform Polymarket Was Utterly Wrong About the New Pope<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p> Papal Predictor Polymarket, the crypto-based prediction market where users can place bets on events ranging from national elections to natural disasters , got the Pope odds way\u00a0 wrong.  <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/futurism\/crypto-prediction-platform-polymarket-was-utterly-wrong-about-the-new-pope.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[11],"tags":[1247938,1247940,1247947,1247941,1247946,1247072,1247106,1247943,1247942,1247944,1247945,1247939],"class_list":["post-1075854","post","type-post","status-publish","format-standard","hentry","category-futurism","tag-a-slice-from","tag-announcement","tag-antonio-tagle","tag-catholic-snoopy","tag-crypto","tag-first","tag-future-society","tag-papacy","tag-polymarket","tag-predecessor","tag-prevost","tag-though-prevost"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/1075854"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=1075854"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/1075854\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=1075854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=1075854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=1075854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}