Prediction markets are rapidly transitioning from niche crypto projects to mainstream financial tools for real-world forecasting. Recent developments indicate their increasing visibility and institutional interest, potentially positioning them as the first widely adopted decentralized finance (DeFi) product beyond traditional crypto trading. Platforms like Polymarket and Kalshi, witnessing record trading volumes and regulatory approvals, are experiencing a surge in popularity. Institutional investment is fueling this growth, with Polymarket recently securing a $2 billion investment from Intercontinental Exchange. This significant funding reflects the growing confidence in prediction markets’ potential to reshape the broader crypto landscape and bridge the gap between finance and mainstream adoption.