Prediction Markets Nail NJ Governor Race, One Bettor Wins Big
Update: 2025-11-05
Description
On November 5th, prediction markets like Polymarket and Kalshi accurately forecasted election outcomes, including the New York City mayor's race and governor races in New Jersey and Virginia. A last-minute bet on New Jersey Democrat Mikie Sherrill's victory margin by twelve to fifteen percent yielded substantial gains, with a $100 bet potentially earning nearly $10,000. One user invested $12,900 at ten cents, now set to earn over $123,000. Despite prediction markets' superiority to traditional polls, the final New Jersey poll had Sherrill up by twelve percent, indicating that traditional signals still hold value.
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