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Prediction Markets and Polls Both Got the French Election Wrong

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PARIS, FRANCE - JULY 07: People are seen celebrating on the statue of Marianne on the Place de la Republique to celebrate after the Nouveau Front Populaire, an alliance of left wing parties including the far-left wing party, La France Insoumise came in first on July 07, 2024 in Paris, France. The National Rally party was expected to have a strong showing in the second round of France's legislative election, which was called by the French president last month after his party performed poorly in the European election, but first projections have shown an unexpected lead for French left wing alliance New Popular Front. (Photo by Remon Haazen/Getty Images)
Parisians celebrating the election results on July 7, 2024 (Remon Haazen/Getty Images)