PitchBook, part of Morningstar, initiates late — stage coverage of prediction markets Kalshi, Polymarket
Morningstar highlighted new PitchBook late-stage research coverage of prediction markets, focusing on Kalshi, with Polymarket coverage due Sept. 30. Analysis models trading activity, product mix, fees, costs, profit, cash flow through 2030 to frame long-term business durability. Report tests valuation sensitivity to gr