Legal expert Nikhil Menon, in a special interview with ANI, stressed the urgent need for regulatory clarity on opinion trading and prediction markets in India, calling them a powerful yet under-recognised financial innovation.
Recently, prediction market platforms have entered into partnerships with both legacy and social media outlets.Within just two months--June and July--America's two leading prediction market platforms, Polymarket and Kalshi, announced strategic collaborations with Elon Musk's X platform, a
Polymarket is reportedly in talks to raise USD 200 million in a new funding round that would value the company at more than USD 1 billion. The round is said to be led by Founders Fund, the venture capital firm founded by renowned technology investor Peter Thiel, marking a significant mile