Prediction markets have a lot riding on the blue wave
GlobeAlert Desk · curated from Axios · North America
Prediction markets like Kalshi and Polymarket officially don't care which side of a bet wins.There is no "house." They get their cut either way. It's a business model that's attracted billions of VC dollars.Yes, but: Kalshi and Polymarket should be pulling hard for Democrats in today's midterm elections. Even if that feels counterintuitive. Catch up quick: Prediction markets burst into the public consciousness two years ago, when their users correctly "picked" Donald Trump to beat Kamala Harris. It bestowed credibility at a time when public trust in traditional polling had cratered.Fast forwar
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