Traders Bet There's An 88% Chance The S&P 500 Will Plunge Soon

It doesn't really matter what you think of betting in prediction markets. They still generate some useful information for investors. And it turns out many bettors in prediction market Kalshi are pretty bearish about the stock market. Nearly 90% of the wagers on "How low will the S&P 500 get this year" are calling for a plunge of at least…