Down Round Everything is Sportsbet Now
Dec 3, 2025
Delve into the fascinating world of prediction markets that blend gambling with economic theories. Discover how platforms like Polymarket and Kalshi are reshaping tech and betting culture. Explore the allure of betting and its psychological grip on users, from insiders to casual gamblers. The hosts discuss ethical concerns around harmful markets and the influence of sports-betting culture. They highlight market anomalies and how significant bets can manipulate narratives. Tune in for insights into the future of this rapidly evolving landscape.
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Prediction Markets Moved From Theory To Mass Gambling
- Prediction markets combine futures trading, sports gambling, and crowd information to surface probable outcomes.
- They moved from academic theory into mainstream tech and gambling culture rapidly during COVID.
Prices As Information Carriers
- Markets encode information via prices, letting participants infer probabilities without direct facts.
- Hosts link this Hayekian idea to prediction markets' claim to reveal truth through money.
Two Different Paths: Kalshi Vs Polymarket
- Kalshi positioned itself as a regulated futures-style hedging platform to appeal to authorities.
- Polymarket embraced crypto culture and degenerate markets, attracting regulator pushback.