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Prediction Markets Are About to Go Mainstream, and Prop Firms Know It
Institutional money is edging into prediction markets, with a slice of derivatives firms already trading event contracts and many more preparing to follow, according to research firm Acuiti. Nine percent of institutional derivatives participants now trade prediction markets, the firm said, while a further 35% are considering entry. Proprietary trading firms are furthest along, at 13% active and 31% weighing participation. The reading comes from the SGX Global Market Sentiment Index, a quarterly survey Acuiti produces with Singapore Exchange, and lands alongside the institutional inflows already tracked in Finance ... (full story)