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Elon Musk's mudslinging match with a certain low-cost airline CEO has sparked market imagination—some people are really putting their money on it.
Polymarket prediction market has been quite lively recently, with three new addresses placing bets within just 5 hours: Musk will acquire Ryanair before July. These three addresses currently hold the top positions among Yes holders. It’s clear that some people are very optimistic about this "acquisition."
From the data, the current market-implied probability of the acquisition is priced at 12%. This number isn't high, but it’s hard to ignore that some people truly believe it. Interestingly, Musk has recently been promoting Starlink services to major airlines—which gives the market some room for imagination.
Prediction markets are all about showcasing human optimism and gambling instincts to the fullest.