Back to hedge funds, briefly. Bloomberg reports, citing unnamed sources, that Millennium is building tools for portfolio managers to use Polymarket and Kalshi data as signals across traditional assets. The sources said the firm was not currently trading the prediction-market contracts themselves. The parties declined to comment; no production deployment or realized alpha is established.
The research question, as I read it, is whether those prices add information beyond what the portfolio managers already have in the assets they trade. The report doesn’t identify the models or instruments involved.