[Bernstein: Predicted Market Development May Benefit Platforms Like Robinhood and Coinbase] Bernstein's report points out that prediction markets have evolved from niche betting to a mainstream asset class supported by capital and regulation, becoming part of the financial infrastructure. The report believes that the loosening of the U.S. regulatory environment and the gradual mainstreaming of major platforms through collaboration with retail applications and large institutions may drive benefits for trading platforms like Robinhood and Coinbase.