Prediction markets have become a defining technological innovation of this market cycle, and venture capitalists are now chomping at the bit to get their foot in the door.

This week, Polymarket and Kalshi – two leading prediction market platforms – were reported to be scoring nearly $400M in fresh funding, securing respective reported $1B and $2B valuations from leading venture capital firms including Founders Fund and Paradigm.

While equity upside in these companies is restricted to private market participants, almost anyone can experiment with these platforms by placing bets on real-world events for the chance to profit from correctly predicting the future.