Prediction markets have a lot riding on the blue wave

1 source1 article First seen 23 hours ago Updated 23 hours ago United States Truth score 44

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Summary

Prediction markets like Kalshi and Polymarket officially don't care which side of a bet wins. There is no "house." They get their cut either way. It's a business model that's attracted billions of VC dollars. Yes, but: Kalshi and Polymarket should be pulling hard for Democrats in today's midterm elections. Even if that feels counterintuitive. Catch up quick: Prediction markets burst into the public consciousness two years ago, when their users correctly "picked" Donald Trump to beat Kamala Harris. It bestowed credibility at a time when public trust in traditional polling had cratered. Fast…

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Axios Center Factuality: High US 23 hours ago
Prediction markets have a lot riding on the blue wave
Prediction markets like Kalshi and Polymarket officially don't care which side of a bet wins. There is no "house." They get their cut either way. It's a business model that's attracted billions of VC dollars. Yes, but: Kalshi and Polymarket should be pulling hard for...