Kalshi, Polymarket, Robinhood Pitch Prediction Markets Beyond Elections

The pitch is really about legitimacy, not product: framing prediction markets as a journalism "fact checker" is an appeal to credibility as the sector pushes into non-election contracts, where public understanding is thinner and regulatory scrutiny likely sharper. The emphasis on retail participation and a specific hedge signals the industry wants to show real-world utility, not just election-night novelty. Whether non-election contracts gain traction — and whether the fact-checker framing holds up under scrutiny — is the open question worth watching.