BLACKSBURG, Va., March 6 -- Virginia Polytechnic Institute and State University issued the following news release:
Prediction markets, like Kalshi and Polymarket, allow users the opportunity to bet on just about any real-world event, from the trivial to the monumental, including major geopolitical conflicts and elections here at home.
Economist David Bieri explains how these markets work, why they appeal to a distinctly American economic mindset, and the risks that they pose for both users and broader structures.
From the growth of day trading to the widespread use of smartphones, technology has lowered the threshold for everyday Americans to tap into markets that were previously accessible only to high-level specialists or required a lo...