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The Guardian - US
The Guardian - US
World
Marina Dunbar in New York

‘Another way to gamble money’: booming prediction markets prompt confusion and concern

Polymarket United States Kalshi Donald Trump Donald Trump Jr. Harry Crane
a webpage listing election odds and predictions
Polymarket and Kalshi collectively saw about $1.2bn in trading volume on Super Bowl Sunday. Photograph: Charpaud Christopher/Abaca/Shutterstock

Yadin Eldar, 21, has been betting on prediction markets since 2019. His friends think he’s “crazy”, he said. But the craze surrounding these platforms is rapidly gathering steam.

Users can bet on virtually anything, from the outcome of Sunday’s Super Bowl to whether the US will invade Greenland, every second of every day.

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