Polymarket Traders Hit as Trump’s “TACO Trade” Wrecks Greenland Bets

Policymaker rhetoric and a swift tariff reversal in mid-January 2026 triggered a rapid repricing across political prediction markets, inflicting heavy losses on Polymarket participants. The abrupt de-escalation on January 21–22, 2026 removed the near-term prospect of punitive tariffs and sent the odds of a U.S. acquisition of Greenland sharply lower. The speed of the move […]