Key facts
- NEXTPredict summit held October 22-23 in New York.
- NEXTPredict lost a $12,000 trade on Kalshi related to JFK airport cancellations.
- Chuck Todd suggested prediction markets could serve as a future fact-checker for journalism.
- Robinhood sees fastest growth in Bitcoin, crude oil, and gold prediction contracts.
- Polymarket's odds for Brazil's presidential runoff reportedly underestimated Lula da Silva's chances.
Prediction markets convened in New York on October 22-23 for the NEXTPredict summit, exploring their expanding role beyond elections. Executives from Kalshi, Polymarket, and Robinhood discussed potential applications in hedging, financial contracts, and as a future tool for journalism, emphasizing the speed advantage over traditional polling.