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Prediction markets ditch cheap oil odds as Brent tops $100
Polymarket pricing shows a 59% chance that WTI reaches $100 this month, while Myriad’s $120 side has overtaken its $55 track since early September.
Prediction markets tracking oil have shifted as Brent moved above $100, with traders dialing back bets on cheap crude, according to Decrypt.
Myriad’s $120 side has taken the lead, overtaking a $55 track at the start of September.
Meanwhile, Polymarket is pricing WTI at $100 this month with 59% implied probability, reflecting the market’s higher expectation for crude prices.
Overall, the odds suggest prediction platforms are reacting quickly to the move higher in benchmark oil prices.
Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%