Prediction markets like Polymarket and Kalshi now clear nearly $24b a month as AI bots, Wall Street capital and new CFTC rules drag the sector into mainstream finance.
Summary
- Prediction markets led by Polymarket and Kalshi have exploded from a niche crypto product into one of finance’s hottest sectors in under a year.
- Platforms now span DeFi-native venues, fully regulated exchanges, AI-powered tools and sports-focused apps, with cumulative monthly volumes in the tens of billions of dollars.
- Regulators and Wall Street players are circling the space, with the White House reviewing new CFTC rules as investors treat prediction odds as a new kind of market data.