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Reading: Everything can be a bet now – the rise and risks of prediction markets
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Blockchain Technology

Everything can be a bet now – the rise and risks of prediction markets

Last updated: February 25, 2026 10:00 pm
Published: 2 months ago
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By Sarah Mills, Professor of Human Geography, Loughborough University Yes or no? It’s a simple question that now drives more than US$13 billion (£9.7 billion) a month on prediction markets – companies like Polymarket, PredictIt and Kalshi.

These firms run digital platforms that use blockchain technology to let anonymous users gamble on uncertainty and place “predictions” rather than bets. Users can buy a yes or no “event contract” on anything from strikes…

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