According to a report, prediction markets are evolving into a new asset class. While currently small compared to traditional markets like stocks, these event markets are reportedly expanding beyond sports into areas such as macroeconomics and policy risk. The development suggests a growing interest in using prediction markets for hedging and speculation on a wider range of events.

According to a report, prediction markets are evolving into a new asset class. While currently small compared to traditional markets like stocks, these event markets are reportedly expanding beyond sports into areas such as macroeconomics and policy risk. The development suggests a growing interest in using prediction markets for hedging and speculation on a wider range of events.