Are Prediction Markets Ruining Everything? with Chris Beam
Summary
Hasan Minhaj explores the explosive rise of prediction markets like Polymarket and Kalshi, arguing they have normalized gambling and created a "financial nihilism" among young users. Through an interview with Bloomberg reporter Crisp B. Khy, the episode details how these platforms are plagued by insider trading, market manipulation, and fake influencer ads, while benefiting from deregulation under the Trump administration. Minhaj and Khy discuss the dangers of treating real-world events as tradable assets, noting that the "wisdom of the crowds" is often skewed by wealthy insiders and that t…
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