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Morning Edition · Saturday, June 20, 2026
Prediction Markets Court Wall Street as Kalshi Weighs IPO and Schwab Plans Event Options
A regulated event-contract venue is considering a public listing on $2 billion of annualized revenue while a major brokerage prepares wagers on index moves, bringing a once-marginal market into the mainstream.
Prediction markets, where participants buy and sell contracts that pay out based on the outcome of a real-world event, are moving into the financial mainstream. Kalshi, a US-regulated event-contract exchange, is exploring a public listing f…
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