Prediction Markets Surge as Trump Media Enters the Fray
Prediction markets are witnessing unprecedented activity, with weekly trading volume surpassing $2 billion for the first time. The sector's explosive growth has attracted major players, including TRUMP Media, and sparked a flurry of high-value investments. Polymarket, a leading platform, is reportedly in talks to raise capital at a $15 billion valuation, while Kalshi's valuation has doubled to $10 billion in weeks.
The convergence of speculation in stocks, sports betting, and prediction markets is reshaping retail investment. DraftKings' acquisition of Railbird underscores the sector's momentum. As platforms like Polymarket and Kalshi dominate, prediction markets are emerging as the new frontier for traders seeking high-stakes action.