From byelections to regime change: how gambling on any event fuelled the rise of prediction markets

What are Polymarket and Kalshi? What are the odds on US-style exchanges taking off in the UK? Here’s the lowdown As ballistic missiles and kamikaze drones rained down on the Middle East, one of the world’s most talked-about businesses was inviting wagers on whether nuclear Armageddon might be imminent. Polymarket is a prediction market, a relatively new breed of betting company that has burst on to the scene, particularly in the US, often seducing customers with little previous interest in ga...

By Rob Davies