Prediction Markets Face Crucial Test in 2024 US Midterm Elections
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 26 2025- Market Valuation Surge: The prediction market sector has experienced explosive growth in 2023 and 2024, with Polymarket and Kalshi achieving valuations of approximately $9 billion and $11 billion respectively, indicating strong investor confidence in this emerging industry.
- Value of Data Infrastructure: Industry proponents argue that the core value of prediction markets lies in their function as a collective intelligence data infrastructure, aggregating information from a broad participant pool to provide quantified signals for finance, policy analysis, and risk management.
- Critical Test of Elections: The 2024 midterm elections will serve as a significant test for prediction markets, where successful performance could validate their accuracy and utility, while failure may attract regulatory scrutiny and dampen institutional interest.
- Complex Regulatory Environment: The future of prediction markets is closely tied to regulatory frameworks, and strong market performance could pave the way for clearer supportive regulations while accelerating integration into mainstream financial and media ecosystems.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
