Decentralized prediction markets are booming, with Polymarket and Kalshi reporting record trading volumes in November. The combined volume reached a staggering $9.5 billion, fueled by increased interest in predicting various events, from political outcomes to economic indicators. Kalshi led the way with $5.8 billion in trading volume, a 32% jump from October. Polymarket followed closely, recording $3.74 billion, a 23.8% increase. This surge in activity highlights the growing popularity of using prediction markets for speculation and information gathering. The rise of platforms like Polymarket and Kalshi suggests a shift towards more transparent and accessible markets for forecasting. As these platforms mature, they could potentially play a significant role in shaping public understanding and decision-making processes across different sectors. ```