Prediction markets have transitioned from a niche experiment to a durable financial primitive, validated by their breakout role in the 2024 U.S. election and their ability to sustain volumes well above pre-election levels. Platforms like Polymarket and Kalshi have become central players, backed by hundreds of millions in capital and favorable regulatory shifts, while startups experiment with new formats such as social trading bots, swipe-based apps, and continuous information stream perps. Th...