Prediction Markets: From Niche to Mainstream, A New Era Emerges

Prediction markets have emerged as powerful tools for analyzing uncertainty. Platforms like Polymarket dominate globally, while Kalshi navigates the legal landscape of regulated U.S. markets. Different approaches – from Polymarket’s Web2-like interface to Augur’s decentralized approach – demonstrate diverse paths toward mainstream adoption. These platforms are increasingly influencing public perception, media narratives, and even policy discussions. 2024’s US Presidential election exemplified this impact, with prediction markets providing real-time insights that outpaced traditional polling.