Prediction markets may be shedding their niche reputation and evolving into a serious Wall Street product . “Continued institutional adoption " and integrations with established financial platforms signal prediction markets are becoming "part of modern market infrastructure,” Kalshi Legal Counsel Valeria Vouterakou told Benzinga. For example, Interactive Brokers Group, Inc. (NASDAQ: IBKR ) is now integrating Kalshi alongside traditional exchanges like CME Group Inc. (NASDAQ: CME ) and ForecastEx . The trend isn’t without its critics. Last year, researchers conducted a field experiment that explicitly found prediction markets can be manipulated. But those in favor of prediction markets argue that the appeal lies in the discovery of real-time information. "Prediction markets are markets built around probabilities and information discovery," Vouterakou said. Markets can now aggregate changing expectations faster than ... Full story available on Benzinga.com
EXCLUSIVE: From Nvidia Earnings To Fed Decisions, Kalshi Sees Prediction Markets Going Mainstream
