Traders flock to prediction markets as US-Iran tensions drive record activity with billions in volume.
Wall Street firms and institutional investors are increasingly using these platforms for serious forecasting.
Regulatory uncertainty and lack of margin trading remain key hurdles for large-scale adoption.
Prediction markets are booming as traders rush to bet on outcomes tied to the escalating US-Iran conflict. Platforms like Polymarket and Kalshi saw record activity last week, with trading volumes hitting $2.49 billion and $2.85 billion, respectively, according to Token Terminal.
Moreover, data from Dune shows that total volume across all prediction markets has climbed to over $145 billion with 2.8 million unique users. The growing attention comes as Washington evaluates clearer federal rules for event contracts and debates banning markets tied to war, terrorism, …
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