Can We Trust Prediction Market Odds?

Prediction markets like Polymarket and Kalshi are often presented as neutral machines for discovering “the odds.”

But the real question is: how trustworthy is the price when you have fraud, insider information, manipulation, thin liquidity, and questions about the platforms’ own controls?

https://www.wsj.com/business/polymarkets-fraud-regulators-coplan-5f418ab0?mod=e2tw