06/18/2026
Prediction markets are not just attracting everyday users hoping to make money. They are also drawing in high-frequency trading firms, crypto funds and institutional investors.
That matters because the people with the most data, capital and automation are positioned to dominate these platforms.
Hadas Thier reports that on Polymarket, most profits went to accounts that appeared to be automated bots. Everyone else lost $131 million in aggregate.
The gambling economy has a familiar rule: The house always wins.
https://inthesetimes.com/article/prediction-markets-kalshi-polymarket-inflation-silicon-valley-capitalism