Prediction Markets Boom in US

Prediction markets, a blend of prediction and market dynamics, are gaining traction in the U.S. These platforms allow users to trade on future events outcomes, like elections or sports games. Major players include Kalshi, Polymarket, and Crypto.com. Kalshi, in particular, has seen a massive surge in activity, with a trading volume of $7.3 billion in just eight weeks. However, regulatory risks remain high, with pending legal cases in states like New Jersey and Maryland, potentially leading to a Supreme Court ruling.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.