Millennium Management joined other Wall Street companies to explore the use of predictive markets to aid in formulating trading strategies. According to people familiar with the matter, Millennium is developing tools for portfolio managers to extract data from prediction platforms such as Polymarket and Kalshi as trading signals for traditional asset classes. People familiar with the matter said that although Millennium is studying the use of this data, it is currently not trading a contract to predict the market. One of the sources said that some of the company's investment managers are interested in using predictive market data relating to geopolitical, economic, and commodity outcomes.

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