Prediction markets target Wall Street as next phase of institutional expansion

▤ Summary

Prediction market platforms are moving beyond retail speculation and targeting hedge funds, brokerages, and other institutional users. Kalshi sits at the center of this push, with rapid trading growth, a recent $1 billion fundraise, and new use cases for hedging business and financial risk. The article also highlights early adoption by insurers, small businesses, and market makers that are helping build liquidity. It notes that prediction markets are testing more advanced products such as block trades and perpetual futures-style contracts, while regulatory and liquidity hurdles still limit wider adoption.

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