Veronica Beagle is the managing editor for Education at Forbes Advisor. She completed her master’s in English at the University of Hawai‘i at Mānoa. Before coming to Forbes Advisor she worked on ...

Prediction markets entice enterprising nerds to make and lose fortunes by wagering on everything from politics to the weather. Here’s why they’re unstoppable—and only getting more powerful.

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After attracting $3.7 billion in new capital and minting young billionaires at Polymarket and Kalshi, prediction market startups are all the rage, especially for recent college graduates.