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Danny and Derek are joined by Jay Caspian Kang of Time to Say Goodbye and Sam Biddle of The Intercept to discuss prediction markets, online gambling, and the effort to financialize politics, war, and social life. They talk about the history of prediction markets leading to their current role in betting on elections, coups, invasions, and humanitarian catastrophes; insider trading as a design feature rather than a bug; the erosion of legal and moral guardrails; the growing integration of gambling platforms into journalism and media ecosystems; prediction markets in the context of financialization and declining democratic legitimacy; and the normalization of openly ghoulish profit-seeking, with violence becoming a tradable asset.
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