Millennium Management's $97 billion in assets under management will use prediction market data to generate traditional asset trading signals

Odaily Planet Daily News: Millennium Management, overseeing approximately $97 billion in assets, is developing tools for its portfolio managers to use data from prediction market platforms such as Polymarket and Kalshi as trading signals for traditional asset classes. Some portfolio managers are interested in geopolitical, economic, and commodity-related market data. Sources said Millennium Management has not yet directly traded prediction market contracts. Millennium Management, Polymarket, and Kalshi have all declined to comment. Previously, market makers like Susquehanna and Jump Trading entered the prediction market space, and AQR expanded its quantitative research team focused on prediction markets this summer.