💼 Business 11h ago · Chris Stokel-Walker

AI traders are already testing prediction markets—and losing money

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AI traders are already testing prediction markets—and losing money
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Prediction markets Kalshi and Polymarket have roared into the public consciousness, drawing scrutiny from regulators and politicians. They’ve also captured the imagination of social media users, some of whom post outlandish claims of striking it rich by pointing AI models at prediction markets and making bank.



But a new study published in the Cornell University archive arXiv suggests it’s not as easy as that.



Researchers at Arcada Labs, through its Prediction Arena benchmark, tested six f

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