US EditionPublished • loading... • Updated
Everything Can Be a Bet Now: The Rise and Risks of Prediction Markets
Platforms like Polymarket and Kalshi handle over $13 billion monthly, raising regulatory and ethical questions amid their rapid growth in global prediction trading.
Summary by Phys.org
3 Articles
3 Articles
Everything can be a bet now – the rise and risks of prediction markets
The final result in November's New York City mayoral election was more like 51% for Zohran Mamdani and 41% for Andrew Cuomo. rblfmr/ShutterstockYes or no? It’s a simple question that now drives more than US$13 billion (£9.7 billion) a month on prediction markets – companies like Polymarket, PredictIt and Kalshi. These firms run digital platforms that use blockchain technology to let anonymous users gamble on uncertainty and place “predictions” r…
So-called prediction markets, which are a kind of fortune-telling exchanges where users buy into bets, are currently trading gigantic amounts of money in the US.
·Denmark
Read Full ArticleCoverage Details
Total News Sources3
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
