Google to Utilize Prediction Market Data from Polymarket and Kalshi to Tap into Collective Intelligence

Google Finance Integration: Google announced it will integrate prediction market data from Polymarket and Kalshi into its Google Finance platform, initially available to Google Labs users for insights on future market events.

Polymarket and Kalshi Overview: Polymarket, valued at $9 billion, allows users to bet on outcomes using USDC, while Kalshi, a federally-regulated market, recently reached a $5 billion valuation, together dominating over 90% of the prediction market industry.

Market Trends: Analysts note that prediction markets are evolving into a recognized asset class, supported by significant capital and regulatory backing, with monthly volumes exceeding $4 billion.

Stock Performance: Alphabet's Class A shares saw a slight increase of 0.06% in after-hours trading, maintaining a strong price trend compared to other major stocks.