Are Prediction Markets Public Goods?

[cryptobro]

Supporters argue prediction markets are more than betting platforms — they’re powerful intelligence tools.

Platforms like Polymarket and Kalshi allow users to price in real-world probabilities across politics, finance, and global events.

Rutgers statistics professor Harry Crane argues these markets are often more accurate than polls and function as a form of crowdsourced truth discovery. Critics, however, say their influence raises regulatory and political concerns.

As the debate grows, the future of prediction markets may hinge on whether they evolve into risk-management infrastructure — or remain speculative arenas.

[madtrader]

polymarket + kalshi pricing probabilities sounds neat, until everyone just chases the money