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Watch Live at 5:30 p.m. ET on September 15 The High-Stakes Future of Prediction Markets Prediction markets have moved from a novelty to a mainstream consumer product. Average daily volume across US prediction markets reached nearly $2 billion in July, settling everything from Fed decisions to World Cup outcomes to Congressional votes. But the path ahead is uncertain. Supporters argue prediction markets are a genuine forecasting technology and a legitimate hedging instrument. Critics say they are gambling in a financial-services wrapper: profitable for those who manipulate them, habit-forming for the young users they attract. Join us as Semafor editors unpack what’s next for this rapidly evolving industry. Highlights Check back after the event… AD
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