Philippe’s French president odds crash 28pts to 20%
PredictIt publishes no volume figures, so the size of the move behind the swing stays unknown.
The hit
Philippe’s odds of becoming the next French president cratered on PredictIt, falling 28 points in a day. The ‘Yes’ price dropped from 48% to 20%, according to PredictIt. ‘No’ now sits at 80%.
Why it matters
A 28-point swing in a single day is a heavy repricing for any presidential contract, signalling traders think Philippe’s path has narrowed sharply. It’s unclear whether this reflects a wave of trading or a thinner market moving on light activity.
The record
| One-day change | -28 points (PredictIt) |
|---|---|
| Volume disclosed | not published (PredictIt) |
What happens next
Watch PredictIt’s French presidential election market for further price moves as traders digest whatever drove the drop; PredictIt has not stated a market close date.
Sources: PredictIt: ‘Next French president? Philippe’ down 28 points to 20% yes in a day
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