Odaily Planet Daily News: The bettors on the cryptocurrency prediction platform Polymarket collectively misjudged the new papal election, with users betting on popular candidates Parolin (28% chance of winning) and Tagle (20% chance of winning) losing over $28 million, while the actual winner Provost (1% chance of winning) was not favored. This rare event exposes the limitations of prediction markets in low-frequency special events, in stark contrast to their 90% accuracy rate in political elections. Anonymous top bettor Domer analyzes that the lack of publicly available reference information in the papal election led users to overly rely on traditional data. (CoinDesk)