Polymarket Bets on Iran War Show Limits of Prediction Markets for Wall Street
Prediction market platforms have justified their existence to regulators and lawmakers with a high-minded argument: their contracts are novel financial instruments that let investors hedge against economic and geopolitical risks...
By Carolyn Silverman, Justina Lee, Rachael Dottle, Denitsa Tsekova · Bloomberg Markets
Prediction market platforms have justified their existence to regulators and lawmakers with a high-minded argument: their contracts are novel financial instruments that let investors hedge against economic and geopolitical risks in real time.