" #Celebrities from LeBron James to Sydney Sweeney have inked lucrative deals with #predictionplatforms. Legacy news outlets have even begun including prediction market data in their coverage. And the Trump family is deeply embedded in these platforms’ success; Donald Trump Jr.’s VC firm just became a lead investor in Polymarket, and he is a paid adviser to both #Polymarket and #Kalshi.
But what actually is a #predictionmarket, and what separates it from online sports betting platforms like #DraftKings or #FanDuel?"