Article #256372

The lowdown on Polymarket and Kalshi, the pitfalls and the odds on US-style exchanges taking off in Britain

As ballistic missiles and kamikaze drones rained down on the Middle East, one of the world’s most talked-about businesses was inviting wagers on whether nuclear Armageddon might be imminent.

Polymarket is a prediction market, a relatively new breed of betting company that has burst on to the scene, particularly in the US, often seducing customers with little previous interest in gambling.