Americans discussing cryptocurrency at Thanksgiving have shifted to prediction markets. Platforms like Kalshi and Polymarket offer bets on various topics, such as Spotify Wrapped release date and Elon Musk’s social media posts. Robinhood’s stock rose 11% after expanding its prediction markets, generating $100 million in revenue. Analysts warn of risks associated with the growth of prediction markets and mobile sports betting, citing increased credit risks and liquidity stress.
Read more at Yahoo Finance: This year’s crypto Thanksgiving conversation was actually about prediction markets
