Prediction markets are heating up and seeing more outcomes for consumers to wager on. Once attracting millions of dollars in bets for the 2024 election, Polymarket is now taking consumers’ predictions on publicly traded companies.

Polymarket Earnings Predictions

Earnings season is here, and many of the largest publicly traded companies in the U.S. have quarterly results in the current and coming weeks.

This week, AT&T Inc (NYSE:T), one of the largest telecommunications companies, reported third-quarter financial results.

The telecommunications company was among the companies offered as a prediction market on Polymarket, with users able to predict "will AT&T beat quarterly earnings?"

The day before the company reported financial results, odds were as high as 87.5% for yes, with users optimistic that the company would beat the consensus estimate of 54 cents per share used by Polymarket.

On Wednesday ...