Polymarket's predictions fell short in forecasting Zohran Mamdani's surprising victory in the New York mayoral primary, where former Governor Cuomo was favored. This failure, alongside its inability to predict the new Pope, has raised doubts about the platform's accuracy. Initially, Polymarket assigned Cuomo an 80% chance of winning for two months, only to later give Mamdani a 94.6% chance shortly after the results began to emerge. While traditional media hesitated to call the race, Polymarket's community quickly recognized Mamdani's potential. Despite its past success in predicting Trump's win during the US Presidential election, the platform's credibility in electoral predictions is now under scrutiny. Additionally, Polymarket's odds for the new Pope were similarly off, suggesting that its earlier successes may have been anomalies. Nevertheless, the platform demonstrated its value by reacting swiftly to incoming data, highlighting its role in the evolving landscape of election betting. Read more AI-generated news on: https://app.chaingpt.org/news