Kalshi’s Court Victory: A Turning Point for Prediction Markets?

A few more things to know: - Since 1988, prediction markets have beaten professional pollsters 74% of the time.[1] - In the corporate setting, prediction markets almost always beat expert forecasts.[2,3,4] - Polymarket is implemented as open-source smart contracts on a public blockchain. This means that they can't manipulate the matching engine.... See more

Decentralised betting is not a new concept. In fact, blockchain’s answer to it a.k.a. prediction markets have been at it for as much as 7 years with well-known projects like Gnosis, Augur and other more recent ones like Polymarket going for it. Betting/predictions is an obvious choice for decentralisation via smart-contract blockchains. But it neve... See more