Episode Details

Are the people that use Prediction Markets ‘traders’ or ‘gamblers’? In this episode we look at how one ‘trader’ lost $100k on the Super Bowl, how Robinhood is cashing in on the action, and why Robinhood’s CEO sees Prediction Markets entering a ‘Supercycle’. There should be a lot of concern around the growth of online gambling. There should be a lot of concern about how all the major sports leagues are cashing in on the action. There should be a lot of concern around how Prediction Markets are skirting the law to offer ‘trading’ options. There should be even MORE concern about how apps like Coinbase and Robinhood and Wall Street firms want to further juice the ‘trading’. This episode reviewed multiple articles from The Wall Street Journal and Investopedia.