Does Political Betting Threaten Democracy? Lessons from the UK

The CFTC's review of Kalshi's election contracts has shown that policymakers in America have deep concerns about risk political betting poses to democracy. UK-based political gambler and election compliance specialist Adrian Smith joins the show to discuss what lessons can be drawn from Britain's longstanding, liberal regulations on political betting. In part 2, Atlantic Sentinel Nick Ottens returns to the show to discuss why Hungary won't leave the European Union. Timestamps: 0:00: Pratik introduces the Adrian Smith interview 0:42: Pratik discusses the CFTC's review of Kalshi's election contracts 4:39: Pratik introduces the Nick Ottens interview 6:19: Pratik suggests submitting a comment to the CFTC 8:36: Adrian Smith's background 13:20: Market manipulation in UK political betting 23:51: Why Hungary is in the American political discourse 33:09: Why Hungary is unlikely to leave the EU