The Prediction Market Revolution: What's Behind the Rush to Institutionalize Trading Prediction markets have long been viewed as a niche for enthusiasts and speculators, but a seismic shift is underway.
Financial institutions are increasingly treating them as valuable tools for hedging risks and trading on economic events. At the forefront of this movement is River Markets, which has secured an $8.
5 million seed round to build its platform catering specifically to institutional traders. The news may seem surprising given prediction markets' humble origins in online betting forums.