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Are Prediction Markets Gambling? A Lot Rides on the Answer.
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Episode: Are Prediction Markets Gambling? A Lot Rides on the Answer.
Pub date: 2026-09-29
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Prediction markets such as Kalshi and Polymarket have gained huge popularity over the past year. These marketplaces allow you to wager on just about anything — whether it’s who will win a football game or the weather in New York City.
David Yaffe-Bellany, a technology reporter for The New York Times, discusses the legal challenge these platforms now face and how it could determine their future.
Guest: David Yaffe-Bellany, a technology reporter for The New York Times.
Background reading:
- A clash between prediction markets and states has set off a furious political battle.
- Donald Trump Jr.’s firm led a $1 billion funding round for Polymarket.
Photo: Eric Helgas for The New York Times
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