(UPDATED VERSION)
In February 2025, the African Union Commission (AUC) elections took place — a major event with implications across the continent. Yet, despite its importance, there was no public market to forecast the outcome. No dashboard tracking sentiment. No crowd-driven data. No way for the public to participate in real-time analysis. And definitely, no Polymarket.
If this event had been available on Polymarket — or better yet, on an African-focused platform like NextMarket (that is at conceptual stage and currently sharing ideas of a bright future for Africa) — it could have been a game-changer, not just for traders, but for transparency, information flow, and civic engagement.
Instead, most Africans relied on media speculation, government press releases, and social media rumors.
But if this election had been live on a prediction market:
Polymarket covered the 2020 and 2024 U.S. elections, and also the Canadian Presidential elections — and they were some of the most accurate public indicators of real-time outcomes.
Prediction markets became a source of truth, independent of traditional polling errors and media bias.
The African media landscape is still growing — but it’s often fragmented, politically biased, and slow to report reliable data.