Will Kalshi and Polymarket win over prop shops? Don’t bet on it.

Big players like Jump Trading and Susquehanna are experimenting with prediction markets but most traditional proprietary trading firms remain hesitant due to inconsistent liquidity and legal ambiguities. This reluctance could hinder the broader adoption of platforms like Kalshi and Polymarket. Despite the potential for these platforms to revolutionize financial markets by offering novel ways to bet on outcomes, the current skepticism may prolong the transition until these issues are more clearly resolved.