Bernstein: Polymarket trades more than $200 million after Fed cuts yesterday

According to The Block, Bernstein analysts said the forecast market is becoming a new information interface, where cryptocurrencies, artificial intelligence and news are all gathered, with Polymarket, Kalshi, Robinhood and Coinbase dominating. The report stressed that the size of such markets is already shocking. Yesterday's decision to cut interest rates by 25 basis points alone resulted in more than $200 million and $85 million in stock trading respectively, and whether Taylor Swift announced his pregnancy in 2025 is one of the most liquid contracts. "Until recently, Polymarket started serving U.S. customers. However, with the gradual clarity of forecast market regulation (both CFTC and SEC), Polymarket is ready to launch a KYC-compliant platform in the United States after receiving a letter of non-action from CFTC." "On the other hand, Kalshi is currently working on cryptocurrency/blockchain integration (announced yesterday with Solana/Base) with the hope of entering global markets outside the United States and further strengthening the distribution and access of the blockchain ecosystem."