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International Business Times
International Business Times
Business
Marvie Basilan

Pope Crypto Betting Frenzy: Trader Turns $1K Into $64K Amid Papal Election Upset

Leo XIV Robert Francis Prevost John Prevost Pietro Parolin Crypto Polymarket Luis Antonio Tagle JD Vance
Pope Leo XIV was born in Chicago. (Credit: AFP)

KEY POINTS

  • On Kalshi, Prevost only had 1.2% chance until he was announced as the new pope
  • Prevost also wasn't a clear favorite among Polymarket bettors compared to Pietro Parolin and Luis Antonio Tagle
  • Pope Leo XIV is known for his work with poor communities and love for missions
  • He has not shied away from challenging comments made by politicians on faith

Celebrations are underway across the world as Robert Francis Prevost begins his Vatican tenure as the first American pope of the Catholic church. However, in the cryptocurrency community, his election Thursday was a clear upset.

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