Why did the market move in the last 48 hours?

@MikeChenSF I'd guess some combination of catching up (overcorrecting) with https://polymarket.com/event/minneapolis-mayoral-election-665?tid=1757809967701 and shenanigans around the DFL endorsement and corruption allegations.

Minneapolis Mayoral Election

Polymarket | The 2025 Minneapolis mayoral election will be held on November 4, 2025, to elect the mayor of Minneapolis. This market will resolve according t...

Buying Fateh at 35, big limit order.

Omar Fateh wins DFL endorsement: CBS News

@MikeChenSF now rescinded.

https://www.fox9.com/news/minneapolis-mayoral-race-emily-koski-2025 Koski drops out

Emily Koski drops out of Minneapolis mayoral race

Emily Koski has ended her campaign for mayor of Minneapolis.

Question for the city council election happening at the same time https://manifold.markets/MikeLinksvayer/moderates-win-minneapolis-city-coun

No polling or finance data but https://www.startribune.com/minneapolis-city-council-mayoral-campaigns-2025-underway/601309170 looks like a good overview of the state of the race. It appears nobody has positioned themselves to the "right" of incumbent Frey (moderate Democrat) and the only other candidate with endorsements is Fateh (DSA). Perhaps it would be hard for anyone but Frey to win unless there is some kind of big shift to the left in the next months.

Minneapolis mayor and City Council candidates are off to the races for this year’s election

Minneapolis Mayor Jacob Frey has challengers. All 13 city council seats are on the ballot. Debates, donations, endorsements, caucuses are happening.