All bets are on: the rise of prediction markets
undefined 20, 2026
Prediction markets like Polymarket and Kalshi have surged into the mainstream, with millions wagered on events ranging from Iran’s unrest to U.S. politics and pop culture. Once niche, they are now embedded in media coverage and politics, boosted by regulatory shifts under Donald Trump. Critics warn of gambling risks, insider trading, and manipulation, while supporters argue the markets aggregate collective insight and forecast events more accurately.
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