TechFlow news, November 6 — According to The Block, Bernstein released a report stating that prediction markets are expanding beyond politics and sports into broader information-driven trading platforms covering economics, culture, and corporate events.
Robinhood, Kalshi's anchor partner, processed $2.5 billion in prediction market volume in October alone, accounting for 57% of Kalshi's total monthly volume. Coinbase also plans to announce significant news related to prediction markets during its event on December 17.
Bernstein set target prices of $160 for Robinhood and $510 for Coinbase, with an "outperform" rating for both.
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