Source: Ars Technica
Prediction markets are becoming infrastructure for geopolitical speculation. Polymarket's track record on military outcomes suggests either exceptional forecasting efficiency or systematic underpricing of conflict risk by traditional markets. Over-under bets on military escalation are hitting at better-than-expected rates, indicating retail traders on crypto platforms may have better real-time intelligence or fewer institutional anchors constraining their probability assessments than legacy financial institutions. Conflict is now legible and tradeable as consumer financial product, which may accelerate how quickly geopolitical uncertainty gets priced into everyday behavior.