What is a prediction market?

Prediction markets are platforms that allow users to trade on the outcomes of real-world events. Participants buy and sell shares representing the potential outcomes of the event, with the implied probability of these outcomes shifting along with the price action of the shares. Prediction platforms Polymarket and Kalshi rose to prominence in 2024 when billions […] source: https://www.theblock.co/learn/390988/what-is-a-prediction-market?utm_source=rss&utm_medium=rss