upper waypoint

How Prediction Markets are Colliding With California and National Politics

Save ArticleSave Article
Failed to save article

Please try again

A betting page on the potential fall of the Iranian regime by June 30 appears on the Polymarket platform on a smartphone. (Samuel Boivin/NurPhoto via Getty Images)

Prediction markets have exploded in recent years, with platforms like Polymarket and Kalshi allowing people to put real money on everything from sports outcomes to election results to armed conflicts overseas. Marisa, Scott and Guy discuss how these markets are influencing state and national politics. Then, they’re joined by Kate Knibbs, senior writer at WIRED, to understand who’s governing these platforms and how they’ve managed to flourish even in states where gambling is illegal.

Check out ⁠⁠⁠Political Breakdown’s weekly newsletter⁠⁠⁠, delivered straight to your inbox.

lower waypoint
next waypoint
Player sponsored by