Millennium Develops Tool to Use Prediction Market Data in Trades

Millennium Management is developing a tool for portfolio managers to use data from Polymarket and Kalshi as signals in traditional-asset trades. The hedge fund has about $97 billion under management and has not begun trading prediction-market contracts directly. Some managers are especially interested in prediction-market data tied to geopolitics, the economy and commodities. The planned tool would put information from those markets into managers’ research on traditional assets. Prediction-market contracts can be tied to outcomes such as elections, economic data and corporate developments.