prediction market
Instead of buying shares in companies, like on the stock market, a prediction market allows you to buy shares in the outcomes of real-world events. For example, you can stake money on everything from the outcomes of elections and wars to the weather in your city tomorrow to who will win the Grammy for Album of the Year.
Historical perspective: Top prediction market apps like Polymarket (launched in 2020) and Kalshi (launched in 2021) saw hyper-charged growth in 2025 with Kalshi trading volumes surpassing $1 billion every week, up more than 1,000% from 2024.
NetLingo Classification: Online Business
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