Betting on war is not an option in Australia. Prediction markets could change that
Prediction markets like Kalshi and Polymarket are gaining traction in the U.S., allowing users to bet on various topics including politics and war. There is a push to introduce these markets in Australia, despite concerns over ethics and potential insider trading. The involvement of high-profile figures, such as Donald Trump Jr., has contributed to their growth and acceptance.
- ▪Kalshi and Polymarket are two of the world's largest prediction markets, valued at over $20 billion each.
- ▪Concerns have been raised about the ethics of betting on serious topics like war and politics.
- ▪Insider trading issues have emerged, with individuals profiting from confidential information related to military operations.
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Billions are traded each week on Kalshi and Polymarket. There is a push to bring prediction markets to Australia MBy Myles Houlbrook-Walk7.30Topic:GamblingWed 27 May 2026 at 4:40pmWed 27 May 2026 at 4:40pmWed 27 May 2026 at 4:40pmDonald Trump Jr is an advisor to the two biggest prediction market platforms, Kalshi and Polymarket. (Reuters: Caitlin O'Hara)abc.net.au/news/effort-to-make-prediction-markets-available-to-australians/106671606Link copiedShareShare articleKalshi and Polymarket have gone from fledgling startups to two of the world's biggest prediction markets where users bet on yes-or-no questions spanning politics, pop culture and war.Each platform is estimated to be worth more than $20 billion, with billions more traded on their platforms weekly.Some questions are harmless and…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).