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Prediction markets have a lot riding on the blue wave

Prediction markets like Kalshi and Polymarket officially don't care which side of a bet wins. There is no "house." They get their cut either way. It's a business model that's attracted billions of VC dollars. Yes, but: Kalshi and Polymarket should be pulling hard for Democrats in today's midterm elections. Even if that feels counterintuitive. Catch up quick: Prediction markets burst into the public consciousness two years ago, when their users correctly "picked" Donald Trump to beat Kamala Harr…

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AxiosCenter·1h ago
Prediction markets have a lot riding on the blue wave
Prediction markets like Kalshi and Polymarket officially don't care which side of a bet wins. There is no "house." They get their cut either way. It's a business model that's attracted billions of VC dollars. Yes, but: Kalshi and Polymarket should be pulling hard for Democrats in today's midterm elections. Even if that feels counterintuitive. Catch up quick: Prediction markets burst into the public consciousness two years ago, when their users correctly "picked" Donald Trump to beat Kamala Harr…
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Prediction markets have a lot riding on the blue wave

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Prediction markets have a lot riding on the blue wave

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