Polymarket's Senate market moved 16 points in two hours tonight, while most US ballots are still uncounted.
Democrats to control the Senate traded at 75.5¢ at 6pm ET. By 8pm ET the same contract printed 91.5¢.
The path was not a straight line. It touched 90.5¢ at 7pm. Thirty minutes later it was back at 82.5¢, then it climbed again.
So early returns, not final tallies, are doing the repricing. @Polymarket shows $24.7M traded on the Senate question and $51.5M on the House, where Democrats sit at 99¢.
At 8pm ET a Democratic Senate cost 91.5¢ on Polymarket, up from 75.5¢ two hours earlier.
$POL $BTC
Democrats to control the Senate traded at 75.5¢ at 6pm ET. By 8pm ET the same contract printed 91.5¢.
The path was not a straight line. It touched 90.5¢ at 7pm. Thirty minutes later it was back at 82.5¢, then it climbed again.
So early returns, not final tallies, are doing the repricing. @Polymarket shows $24.7M traded on the Senate question and $51.5M on the House, where Democrats sit at 99¢.
At 8pm ET a Democratic Senate cost 91.5¢ on Polymarket, up from 75.5¢ two hours earlier.
$POL $BTC
