U.S. Federal Reserve researchers sing praises of prediction markets

A deep look at predictions on Kalshi called such platforms valuable to policymakers and researchers, according to a new Fed paper.

What to know:

Researchers at the U.S. Federal Reserve studied the economic grasp of the prediction markets, and they determined that the platforms represents a very useful analytical tool.

The new research paper dove into prediction performance at Kalshi, praising it as producing accurate analysis and delving into areas for which data aren't otherwise available.