[Polymarket Bets on Iran War Event, Exposing Prediction Market Limitations in Wall Street Applications] BlockBeats News, March 6, according to Bloomberg, amidst the trading frenzy surrounding the Iran situation, the prediction market platform Polymarket was initially seen as a novel financial tool capable of providing investors with real-time hedging against geopolitical risks. However, its latest market performance highlights its limitations in Wall Street applications. The report pointed out that prediction markets have long emphasized to regulators and legislators that their contracts can help investors hedge against economic and geopolitical risks. Yet, in the case of trading related to Iran events, despite a surge in trading volume, this instance has not served as a "validation sample" of the value of prediction markets. Instead, it appears more like a cautionary tale, revealing the shortcomings of such platforms in providing actionable signals for institutional investors.