TechFlow news, October 25 — According to CoinDesk, data showed that earlier on Friday, odds for Trump winning the presidential election on Polymarket briefly surged to 99%, due to a temporary pricing glitch in the order book caused by sustained buying from users.
The account "GCorttell93" spent over $3 million in a short period to purchase more than 4.5 million shares of Trump contracts. However, due to how the order book operates, a portion worth $275,000 was executed at a 99% implied probability—far above the actual available rate of 63% at the time.
Polymarket's blockchain-based order book mechanism can allow large trades to temporarily distort odds. The platform enables price discovery and provides liquidity by displaying all buy and sell orders. Users can place limit orders to specify their desired prices, but market orders may result in execution at less favorable prices.
