Bets placed on online platforms such as Polymarket and Kalshi, which allow users to make wagers on events in sports, politics and popular culture, have soared from less than $100m a month in early 2024 to more than $13b in November this year, according to a report from crypto firms Dune and Keyrock.
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Betting on prediction markets has exploded over past two years
Both companies have announced a string of new partnerships with major sports leagues and others, and embarked on marketing blitzes. Google Finance displays probabilities based on betting data from both...
