Kalshification: Gambling On Anything And Everything

Kalshi and Polymarket are the big names in the new sector of "prediction markets", and other established names like Robinhood and Crypto.com are getting in on it too. They claim to be the most accurate way to predict future outcomes, but what are they really? They very specifically avoid the language of "bet" due to legal implications, but that gets closer to the heart of what is happening here.…