Bloomberg LP has integrated election odds data from Polymarket, a crypto betting platform, into its Terminal. This move, as reported by Bloomberg's chief economist Michael McDonough, signifies the increasing significance of prediction markets in analyzing political trends and election probabilities. It also highlights the traditional financial sector's growing adoption of Web3 technology. The Bloomberg Terminal, a leading institutional financial data platform globally, now includes Polymarket odds for the US presidential election, alongside data from other prediction markets and polling services. Polymarket, a blockchain-based prediction market on the Polygon network, has become a popular platform for real-time odds tracking on US election outcomes. Despite facing competition from platforms like Solana-based Drift Protocol's BET, Polymarket has seen significant trading volume, with bets totaling nearly $760 million on the Nov. 4 US presidential election. As of August 29, Republican candidate Donald Trump holds a slight edge over Democrat Kamala Harris, with Trump at 50% and Harris at 48%. Read more AI-generated news on: https://app.chaingpt.org/news