Prediction Market Giants Eye Web3, Sports, and International Expansion
Kalshi and Polymarket are actually stepping up their efforts to secure the future. In an effort to find additional sources of income, both prediction-market platforms are venturing into Web3 and international markets. Additionally, both firms are seeking relationships with sports groups and governmental permissions. According to Bloomberg, the expansion began with a private dinner held high above New York’s financial center, in typical Wall Street manner. Jeffrey Sprecher, the CEO of Intercontinental Exchange, was present.
Google to Display Real-Time Probabilities From Kalshi and Polymarket
In addition to forming a new alliance with Polymarket and Coinbase and getting ready for a relaunch in the US, Kalshi is actively investigating web3 technology potential. This entails relocating prediction markets to a larger blockchain world from the internet’s basement. Regulators and institutional players have been keeping a closer eye on the industry as trading volumes increase. Big tech is closely monitoring this as well.
For instance, Alphabet will soon show real-time probabilities from Polymarket and Kalshi on Google Finance and Google Search. This will allow users to ask questions such as whether interest rates will be lowered or not. Users can then immediately view the chances and how they have changed over time.
Traders Turn to Prediction Markets Over Traditional Polls and Forecasts
Kalshi provides regulated U.S. event markets linked to policy choices and economic data. In contrast, Polymarket includes a broader worldwide range of topics, such as sports, politics, and cryptocurrency. As more traders depend on prediction markets, both platforms have seen an increase in activity. Instead of using conventional polls or expert estimates, they evaluate future outcomes using these markets. However, information about particular transactions or regulatory filings is still confidential.
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