
Jakarta, Pintu News â Prediction markets are now attracting attention especially among Generation Z (Gen Z) and Millennials, where about 31 percent of respondents in the United States believe that prediction markets will be a major cultural force in the future according to a recent survey. This trend shows the changing interest of the younger generation towards traditional means of investment and market speculation.

Prediction markets are online platforms where users can âbetâ or place capital based on the likelihood of certain future events. These are not just ordinary bets, but financial contracts that reflect the probability of the outcome of an event â such as election results, economic trends or popular events.
Some notable platforms include Polymarket, which is crypto-based and allows deposits via stablecoins like USDC on the Polygon network. Other platforms like Kalshi are more used for sports betting and economic events, with a very wide range of topics covered.
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Recent survey data shows that awareness of prediction markets is much higher among Gen Z and Millennials than older generations. For example, awareness of platforms like Polymarket stands at around 17 percent among the young, much higher than just 4 percent for older generations.
This phenomenon reflects a shift in information and investment preferences away from traditional instruments and towards platforms that offer new ways of exploring economic and social possibilities.

Two major prediction markets platforms, Polymarket and Kalshi, now have a combined valuation of US$20 billion, with trading activity reaching billions of dollars per week. These platforms have recorded steadily increasing trading volumes since the beginning of the year, demonstrating growing interest and participation from various market segments.
This growth has also been accompanied by support from friendlier regulations, including the authorization of operating licenses under the supervision of regulatory bodies such as the Commodity Futures Trading Commission (CFTC) in the United States.
While such markets are experiencing rapid growth, not all are smooth sailing from a regulatory perspective. Polymarket was previously blocked from accessing US users due to derivatives contract registration issues, but later resumed operations after completing regulatory requirements.
Meanwhile, Kalshi faces legal challenges related to the ethically and legally contentious political market, although it continues to operate for many types of prediction contracts.
Gen Z and Millennialsâ high interest in prediction markets reflects a change in the way younger generations engage in risk taking and predictive thinking on global events. For some, itâs not just speculation, but also a way to combine their views with real financial data.
This phenomenon also has the potential to expand the common ways of predicting public trends, including in traditional economics, politics, and sports, providing a kind of market sentiment obtained directly from millions of participants.
While market prediction offers a new way to participate in market events, it is not free from risks-including the potential for addiction like other forms of digital gambling, the lack of guaranteed investor protection, and the possibility of market manipulation in certain events. Therefore, participation should be balanced with a mature understanding of risk as is the case in any other financial or crypto instrument.
The fast-growing trend of prediction markets, especially among Gen Z and Millennials, shows the potential to transform the way people view economic and social predictions. With high valuations and large trading volumes, this sector is likely to continue to receive public and regulatory attention going forward.
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