Why the biggest ‘winners’ in these assembly elections may not even be political parties

Millions are at stake on Polymarket, a prediction platform, as Indian assembly election results loom. Over $20 million is tied to Tamil Nadu’s outcome alone, with significant bets also placed on West Bengal, Kerala, Assam, and Puducherry. Despite Indian law prohibiting such markets, users leverage crypto and VPNs to participate, showcasing a growing trend in crowd-sourced forecasting.