Odaily Planet Daily reported that on November 5, after the conclusion of the U.S. presidential election, the open contracts of the decentralized prediction market Polymarket plummeted by 64%, with Republican Donald Trump elected as the 47th president. Data from The Block shows that the open contracts of Polymarket soared to $510.95 million on November 5, before dropping to $184.16 million on November 8. Polymarket founder and CEO Shayne Coplan stated on the X platform on November 6: "There is no doubt that Polymarket played a decisive role in determining the election outcome."