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Some markets on Polymarket are indeed crazy to the point of being unbelievable.
Take a market related to a certain American political figure, for example. The headline is set up extremely sensationally. The trading volume for this market has already surpassed $128,000, and the current price hovers around 3%, which seems negligible.
But the most outrageous part is not just that... These types of prediction markets can attract funds chasing various fringe hypotheses, reflecting participants' reactions to market noise. When a low-probability event is assigned a trading price, you'll realize how crazy the market can be—people are willing to bet on almost anything as long as they can create a trading pair. This is the double-edged sword of decentralized prediction markets: ample liquidity but uneven information quality.