I noticed an interesting trend on Polymarket after the Oscar ceremony. Michael Jordan remained the favorite in the Best Actor category, even though betting had already closed. His name dominated predictions before March 15th — the probability reached up to 47% thanks to his win at the Actor Awards for his role in the movie Sinners. Interestingly, Michael Jordan was ahead of Timothy Shalamé, who had about a 45% chance. Trading volumes on the platform were significant — over $5.6 million went through these prediction markets. Polymarket has gained serious traction after the 2024 elections; people have started to use such platforms more actively for event betting. Although the platform faces challenges with regulators — lawsuits, oversight issues — they still plan to expand. It’s said that Polymarket and Kalshi are each valued at around $20 billion and are seeking new investments. It’s fascinating to see how prediction markets are becoming increasingly popular.