Prediction Markets Expand into Politics

Prediction markets are like stock markets, but instead of buying shares in companies, you bet on real-world events.

Platforms like Kalshi and Polymarket let people bet on things like elections, sports, and even the weather.

These markets have grown a lot, especially after a Supreme Court decision in 2018 made sports betting legal.

Now, they are also getting into politics.

Some people are worried that this could change how politics and news are covered, making people more interested in betting than voting.

Big news networks like CNN and CNBC are even partnering with these betting apps, which could lead to more ads and influence in the news.