Polymarket is a platform that lets you place bets, and people are betting billions.
All it takes is a low cryptocurrency and a dream,
and you can gamble on when the US will invade Venezuela,
or the Jets game, or who's going to be the next Fed chair.
The odds change as bets are placed.
So will Russia and Ukraine declare a ceasefire in 2025?
Probably not.
Right now, only 6% of bettors say yes.
But if Putin and Zelensky grow up this month, those yes bets are going to win a lot of money.
Vladimir and Volodymyr have the potential to do the funniest thing.
I mean, they won't, but what if they did?
You want to bet on it?
We can.
In the last few months, President Trump relaxed restrictions on polymarket.
Google announced a partnership, and the New York Stock Exchange said it is investing.
Coming up on Today Explained, it's polymarket's world.
Running a business is hard enough.
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