Washington Post: “Betting on political events on prediction markets has grown sharply in recent months. There is $129 million at stake on political markets on Kalshi, the company said. About 370,000 people are staking more than $90 million on politics at Polymarket, which lacks regulatory approval to serve American bettors.”
“Many of those wagers hinge on actions by President Donald Trump or his administration, including whom he will name as the next Federal Reserve chairman; whether the United States will strike Iran in the next six months; and even the words Trump might say in his State of the Union address next month.”
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