The Dark Secrets Behind the Betting Frenzy on Pope Leo: Who’s Really Cashing In?
Pope Leo XIV became the first American to be elected Pope on Thursday, but that’s not important.
What is important is that a small group of savvy bettors made off like bandits backing the underdog from Villanova.
But I’m not talking about March Madness!
That’s right, in the year of our Lord 2025, you can place your actual hard-earned money on which Cardinal will be elected to serve as the Pope.
While many hitched their wagons to the odds-on favorite, Cardinal Pietro Parolin, the sharp money was on our newest Supreme Pontiff, who just hours before the white smoke billowed out of the Vatican sat at just a 0.3% chance of winning the papacy, according to Polymarket.
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