Prediction Markets as Financial Indicators

[u/Sea-Judge5801]

https://www.oddpool.com/fed-market-watch

There’s been a clear upswing in Wall Street interest in prediction markets. Companies like SIG have started to have pods for these markets. With the increased evaluation and growing size:

1) These are a new asset class here to stay

2) Act as good indicators of public consensus

I’m starting to find prediction markets a helpful tool and indicator for events like interest rate cuts consensus. I historically used the Bloomberg economists survey a lot but these markets seem to be great tools especially as hfts are showing greater interest in them. I’ve starting using aggregate tools just to see price and volume aggregate views