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Prediction Markets Are Now Worth More Than Most Banks
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Prediction Markets Are Now Worth More Than Most Banks
Two years ago, prediction markets were a curiosity — niche platforms where political junkies and crypto degens bet on election outcomes. Today, Kalshi and Polymarket are each seeking $20 billion valuations in new fundraising rounds, according to the Wall Street Journal. That’s roughly double what they were worth just months ago. Let that sink in. Two companies that let people wager on everything from Federal Reserve rate decisions to pop culture…
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