Forecasting the Future by Betting on It
TL;DR Summary
Prediction markets on platforms like Polymarket and Kalshi have drawn billions in trading as traders wager on real-world outcomes—from entertainment milestones to geopolitics—highlighting how markets can forecast events while also raising regulatory and oversight questions, such as bets on Iran's leadership amid protests and potential intervention.
- All Bets Are On: The Rise of Prediction Markets The New York Times
- They quit their day jobs to bet on current events. A look inside the prediction market mania NPR
- America Is Slow-Walking Into a Polymarket Disaster The Atlantic
- College students and teens could be fueling the prediction markets boom CNBC
- Wall Street groups hire traders to wade into prediction markets Financial Times
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