Following the presidential election that concluded two weeks ago, prediction markets like Polymarket and Kalshi have gained significant attention for their accuracy in forecasting outcomes compared to traditional polls. Despite this, skepticism persists about their long-term viability and impact. Open interest on Polymarket surged to $511 million before the election but has since declined by over 80% to $100 million, with much of the recent activity driven by sports betting and cryptocurrency markets like Bitcoin (BTC) and Ethereum (ETH). Analysts like Lionel R. Laurent and John Authers have expressed doubts about prediction markets being the future of polling, suggesting that their post-election popularity might be overstated. However, platforms like Kalshi argue that prediction markets provide a more reliable and less manipulable alternative to traditional public polls for election forecasting.