Exploring the World of Prediction Markets and Event Contracts

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This chapter discusses the evolution of prediction markets beyond economic data, examining event contracts as binary bets in areas like politics, weather, and pop culture through the experiences of predictions trader Jonathan Zubkov.

Tesla’s net income fell by 45 per cent, investors think Donald Trump will be back in the White House, and the director of the US Secret Service resigned after an operational failure. Plus, the FT’s Jennifer Hughes talks about investors betting on politics in prediction markets.

Mentioned in this podcast:

Tesla misses profit estimates as electric vehicle deliveries slow

Prediction markets tipped for new growth as US trader interest mounts

US Secret Service head resigns over Donald Trump assassination attempt

Markets reassess ‘Trump trades’ after Joe Biden withdraws from race

The Unhedged podcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jake Harper, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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