Prediction Markets are useful through creating a p2p transaction but the current fee structure is insane:
Prediction market “exchange” fees:
Polymarket: 3%
Kalshi: 3%
Actual exchange fees:
CME: <.01%
NASDAQ: <.01%
When ppl eventually trade binary contracts on markets that actually matter (not sports), they won’t do it on venues that have 300x fees.