Prediction markets are evolving beyond betting apps into financial, media, probability-data, and hedging infrastructure layers competing for liquidity and distribution.

The real battle is no longer Polymarket vs Kalshi, but rails vs wrappers controlling settlement credibility, attention, and user flow.

Here’s the TL;DR on how prediction markets are evolving into infrastructure stacks:

https://x.com/Mars_DeFi/status/2056614493367718127