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By Anonymous (not verified), 27 August, 2026

By Roxanne Petraeus

In the last year, prediction markets (once niche, now everywhere) have grown into a billion-dollar frontier for trading on real-world events. Platforms like Polymarket and Kalshi allow users to buy and sell contracts on outcomes ranging from the winner of awards shows to geopolitical crises. While these markets can aggregate insight about crowd expectations, they also pose a new class of ethical and compliance risks that traditional governance frameworks typically don’t yet address.