Google To Leverage Polymarket, Kalshi's Prediction Markets Data To Harness 'Wisdom Of The Crowds' - Alphabet (NASDAQ:GOOGL)

Core Insights - Google is integrating prediction market data from Polymarket and Kalshi into its Google Finance platform, initially available to Google Labs users [1][2] - Users can inquire about future market events, such as GDP growth predictions, directly through the search box, accessing current market probabilities and historical changes [2] Industry Overview - Polymarket, based on Polygon, allows users to bet on outcomes using the USDC stablecoin and recently achieved a valuation of approximately $9 billion after a $2 billion investment from Intercontinental Exchange [3][4] - Kalshi is a federally-regulated prediction market that recently reached a $5 billion valuation after raising $300 million [4] - Together, Polymarket and Kalshi account for over 90% of the prediction market industry, with monthly notional volumes exceeding $4 billion in October [5] Market Reaction - Following the announcement, Alphabet's Class A shares rose 0.06% in after-hours trading after closing 0.15% higher at $284.75 during regular trading [5]