Millennium explores using prediction market data to help formulate trading strategies.

Millennium Management joins other Wall Street firms in exploring the use of prediction markets to help formulate trading strategies. People familiar with the matter said Millennium is developing tools for portfolio managers that will extract data from prediction platforms such as Polymarket and Kalshi as trading signals for traditional asset classes. The people said that while Millennium is studying the uses of this data, it is not currently trading prediction market contracts. One of the sources said some of the firm's investment managers are interested in using prediction market data related to geopolitical, economic and commodity outcomes.