Warner Bros. Discovery (NASDAQ:WBD) heads into Sunday’s Academy Awards with a record 16 nominations for “Sinners,” the most of any film in Oscar history.
But on Polymarket, where traders have wagered over $33 million on the Best Picture outcome alone, Ryan Coogler’s vampire epic sits at just 21%.
Paul Thomas Anderson’s “One Battle After Another”, which earned 13 nominations, commands 76% odds on both Polymarket and Kalshi after sweeping the Golden Globes, Critics’ Choice, BAFTA, DGA, PGA, and WGA.
“No film in history that has won at the Critics Choice, Golden Globes, BAFTA, ACE Eddies, DGA, PGA and WGA has ever lost best picture,” Variety noted in its final Oscar predictions.
While historical precedent points heavily to “One Battle After Another,” the 76% market price suggests traders believe the massive fan enthusiasm behind “Sinners” still leaves room for a historic upset.
When Benzinga last covered the Oscar prediction markets at nomination …
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