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Prediction Markets and Gen Z
A new trend in digital finance is emerging as prediction markets successfully target Gen Z and younger millennial investors.
By employing internet memes and social media-driven marketing, platforms like Polymarket have seen a surge in activity among users who are often excluded from traditional gambling sites.
A comprehensive analysis of over 500 million trades reveals that these users are increasingly treating political and cultural events as tradable commodities.
While the platforms tout their role in price discovery, critics warn that the gamified nature of the apps could lead to significant financial losses for inexperienced traders.
Polymarket
Online prediction solicitation and aggregation engine
Online prediction solicitation and aggregation engine
Kalshi
American prediction market platform
American prediction market platform
Generation Z
Cohort succeeding Millennials, born from 1997 to 2012
Cohort succeeding Millennials, born from 1997 to 2012