The Rise of Prediction Markets

Hey y'all, I've been seeing headlines about this Kalshi company and the general

concept of Prediction Markets popping up constantly, especially in relation to elections,

the economy, and the integration of it into news channels like CNN. My understanding

is that these platforms function like a stock market, but instead of trading company shares,

you trade event contracts on the likelihood of a future outcome. I guess my question

is regarding the validity of them as a serious information source and how media channels now feel

safe enough to use them as such? Answer: Prediction markets gained credibility as information sources

by demonstrating accuracy. They correctly predicted Trump's 2024 victory when polls showed