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River Markets, which gives professional traders a single place to trade across multiple prediction markets, raised an $8.5M seed led by Haun Ventures (Camila Grigera Naón/Fortune)

Prediction markets are getting serious. Once confined to casual betting, financial institutions now view them as valuable tools to hedge risks and trade on economic events.

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

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