Americans can now 'bet' on home prices, letting them profit without owning property. Here's what you need to know

Wagering on specific outcomes is already popular in sports, politics and pop culture. Now, it’s moving into real estate. Platforms offered by the likes of Polymarket and Kalshi now allow users to “bet” on where median home prices in the U.S., or in certain cities, will rise or fall without having to buy or sell a house (1). Must Read Supporters say these prediction market platforms offer exposure to the housing market without the hurdles of down payments, mortgage approval or long-term ownership. But t ...