How Prediction Markets Are Becoming an Information Source for US Voters
Source Beincrypto
A Paradigm-Echelon Insights poll of 1,000 likely voters revealed that over one-third already use prediction markets, whether it’s to place bets or check odds.
The findings arrive as prediction market open interest recently reached a record high of $1.3 billion, driven by surging user adoption on platforms like Polymarket and Kalshi.
Why it matters:
- Prediction markets are shifting from niche trading venues into mainstream information tools used by tens of millions of Americans.
- 19% of respondents browsed odds without placing bets, per Paradigm, positioning these platforms as information tools.
- The space has also attracted significant interest from institutions and Wall Street.
The details:
- According to the survey, 36% of voters already use prediction markets. 11% of respondents placed bets, 19% browsed odds only, and 6% did both.
- 38% of voters ages 18-34 placed money on outcomes, compared to just 3% of those 65 and older.
- Black and Hispanic voters reported higher usage rates than white voters.
- Men participated at 46%, compared with 31% for women.
- 35% of respondents backed that prediction markets should be legal, while 24% favored legalization in some instances.
The big picture:
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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