Bettors on crypto prediction platform Polymarket have, in recent months, developed an enviable reputation for beating the bookies.So it came as a surprise on Thursday when they got the outcome of the papal conclave very wrong indeed.Winner Robert Francis Prevost wasn’t among the favorites, with bettors only giving the US-born cardinal around a 1% chance of succeeding Pope Francis ahead of the result.Polymarket bettors, like traditional betting markets, gave Cardinal Pietro Parolin the highest odds, at 28%
source: https://www.coindesk.com/markets/2025/05/09/bettors-lose-millions-predicting-the-new-pope-as-polymarket-edge-fizzles-out