Prediction Markets Let You Bet on Just About Anything — But There Are Risks
NerdWallet's Smart Money Podcast
The Rise of Prediction Markets
This chapter examines the functionality and mechanics of prediction markets and event contracts, allowing speculation on outcomes in various sectors. It discusses the growing prominence of platforms like PredictIt and Kalshi, as well as the challenges posed by regulatory scrutiny surrounding their legality. Additionally, the chapter highlights the risks involved and emphasizes the importance of viewing participation in these markets as entertainment rather than investment.
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