Wall Street doubles down on prediction markets

Wall Street seems convinced that prediction markets are here to stay, cementing the status of platforms like the crypto-based prediction market Polymarket as a dominant fintech player. In October, Bloomberg Markets surveyed 406 Wall Street pros and asked their views on popular prediction markets like Polymarket and Kalshi. Related: Google Finance to integrate Polymarket and Kalshi prediction data Launched in 2020, the New York City-headquartered Polymarket is the world’s largest prediction market. It let ...