Wall Street Is Betting on Prediction Markets(wired.com)
wired.com
Wall Street Is Betting on Prediction Markets
https://www.wired.com/story/prediction-markets-find-a-welcome-on-wall-street/
1 comments
wall street getting into prediction markets makes sense but it'll fundamentally change the dynamics. right now kalshi/poly prices are set by retail traders with strong opinions — which is why cross-venue gaps are so wide and persistent. once institutional market makers step in with real capital, those inefficiencies close fast and the edge retail traders have basically disappears. happened to sports betting when sharp money professionalized it. enjoy the current wild west while it lasts