Article
Fear Of The Signal: Why The State Urgently Wants To Bind Prediction Markets
Fear Of The Signal: Why The State Urgently Wants To Bind Prediction Markets
Authored by Angelo Monaco via The Mises Institute,
A predictive market like Polymarket or Kalshi is a financial exchange where people buy and sell contracts based on the outcome of real-world events. The price of a contract fluctuates between one cent and 99 cents based on supply and demand, directly reflecting the crowd’s collective probability estimate that the event will happen. If the event occurs, the contract settles at one dollar, allowing accurate forecasters to profit while aggregating...
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