Polymarket Correctly Calls 26/28 Golden Globes Winners

The Golden Globes is the latest example of prediction markets correctly calling the outcome of a major event.

Polymarket CEO Shayne Coplan took a victory lap on X following the platform’s partnership with the Golden Globe Awards over the weekend, in which viewers were able to see the betting odds for each category throughout the show.

“Polymarket called 26/28 winners right,” Coplan wrote on X.

On Polymarket, users can buy and sell shares on the outcomes of various future events, including elections, sports, and more. That included the winners of the 28 different award categories at the Golden Globes.

Coplan called the Golden Globes partnership “the single most mainstream prediction market integration to date,” and “a surreal moment and a highlight for all our team members’ moms.”

Ultimately, bettors correctly predicted the winner in 26 out of the 28 categories.

Not everyone was thrilled with the partnership, though. Several posts on X criticizing the integration drew significant engagement.

Coplan seemed to allude to some of the backlash in his post on X.

“We have a long way to go to educate the public on the value of market-based forecasts, but you can’t deny its accuracy,” Coplan wrote. “People have more clarity about the world because Polymarket exists.”

Polymarket, and prediction markets generally, have been under more scrutiny in recent weeks following a suspicious and well-timed Venezuela-related trade on the platform.

An anonymous users bet $30,000 that Maduro would be out as the country’s leaders just hours before he was captured. The user ultimately netted over $400,000.

That transaction has fueled concerns about insider trading, leading a congressman to introduce a bill to bar lawmakers and other government officials from insider trading on prediction markets.