The Wilderness of Prediction Markets The world of high finance is abuzz with news that Cantor Fitzgerald, a global investment firm, will soon offer its clients institutional trading on prediction market platform Kalshi.
This development has been hailed as a major milestone for the industry, but what does it mean for the broader landscape of financial markets and the ordinary investor?
At first glance, this may seem like an esoteric issue, relevant only to Wall Street insiders and institutional traders.