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An exchange where people trade contracts based on the outcome of future events.
Prices in these markets reflect what participants collectively believe is the probability of an event happening. The contracts pay out a fixed sum if the predicted outcome occurs.
Traders on Kalshi and Polymarket give Democrat Gina Hinojosa up to a 40% chance of an upset against Governor Greg Abbott as voter anger over AI facilities mounts.
A historic $6.3 billion breach at Binance and a wallet drain at Polymarket spotlight cybersecurity vulnerabilities and the lack of deposit insurance across digital asset platforms.