Millennium Management, which manages approximately $97 billion in assets, is developing tools for its portfolio managers to use prediction market data as trading signals for traditional asset classes

Odaily reports: Millennium Management, which manages approximately $97 billion in assets, is developing tools for its portfolio managers to use data from prediction market platforms such as Polymarket and Kalshi as trading signals for traditional asset classes. Some portfolio managers are interested in market data related to geopolitics, economics, and commodities. People familiar with the matter said Millennium Management does not currently trade prediction market contracts directly. Millennium Management, Polymarket, and Kalshi all declined to comment. Previously, market makers such as Susquehanna and Jump Trading had already entered the prediction market space, and AQR also expanded its quantitative research team for prediction markets this summer.