Prediction markets, where participants bet on the outcomes of real-world events like elections or policy changes, are gaining significant traction in 2024. Platforms such as Kalshi and Polymarket have seen a surge in popularity and funding, especially after regulatory shifts allowed for more political betting. These markets are being touted as innovative tools that can provide unique insights into future events, potentially outperforming traditional analysis. However, there is ongoing debate about whether prediction markets are a smart investment strategy or simply another form of gambling. The rise of decentralized platforms is also fueling new business models and opportunities in this rapidly evolving space.
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