Prediction markets, once a niche area for financial speculation and political gambling, are rapidly gaining mainstream traction. Platforms like Kalshi and Polymarket allow users to bet on the outcomes of real-world events, from elections to policy changes, blurring the lines between finance and gaming. Recent regulatory shifts and significant funding—such as $385 million for leading platforms—are fueling industry growth and innovation. These markets are touted for offering unique insights into future events, but questions remain about whether they are smart trading strategies or just another form of gambling. As prediction markets expand globally, they are reshaping how people engage with politics, finance, and forecasting.
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