Prediction markets are breaking the news and becoming their own beat

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Summary

Prediction markets are increasingly influencing news coverage and becoming a subject of journalism in their own right, as platforms like Polymarket gain mainstream attention for forecasting real-world events.

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Looking at the data behind prediction markets

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An analysis of prediction markets like Polymarket and Kalshi, examining whether their massive trading volume actually produces valuable forecasting information or merely serves as gambling, referencing historical academic support and current data.