In this episode of Bankless, Ryan and David dive into prediction markets and their place in today’s financial landscape. They unpack how peer-to-peer markets differ from traditional sportsbooks, spotlighting Polymarket and Kalshi, and explore scalability, regulation, and societal impact. Are these markets tools for informed decision-making or just another gambling avenue?

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TIMESTAMPS & RESOURCES

0:00 Intro to Prediction Markets

2:43 Bankless Summit Announcement

5:32 How Prediction Markets Work

8:06 Who the Big Players Are

14:31 Kalshi’s Breakout and U.S. Access

19:08 Prediction Markets as Media

20:27 How Big Are They Right Now

https://x.com/Polymarket/status/1975528768039985449

https://x.com/shayne_coplan/status/1975534265698812046

https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG

26:17 Where This Is Headed

https://x.com/Domahhhh/status/1973576583064567961

26:40 Sportsbooks vs. Prediction Markets

https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG

https://www.tradingview.com/chart/?symbol=NYSE%3AFLUT

31:43 Why Sportsbooks Are Systemically Unfair

39:10 Rules, Regulators, & Court Fights

54:43 Why This Matters for Society

1:00:31 Wrap Up & What to Watch Next

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Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠

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