How People are Manipulating Prediction Markets with Prediction Market Researcher Dr. Joshua Mitts

Sometimes it’s inside information, sometimes it’s changing perceptions with huge amounts of cash, sometimes it’s holding a hair dryer to a weather gage. Prediction Market Researcher Dr. Joshua Mitts says these are just some of the ways Prediction Markets are being manipulated. In this episode of Profoundly Pointless we explore how people are making millions manipulating Prediction Markets like Kalshi and Polymarket. We talk the different ways Prediction Markets are being manipulated, why some market categories are easier to manipulate than others and why only a very small number of people are actually making money on Prediction Markets. Contact the Show Dr. Joshua Mitts 00:00 Introducing Dr. Joshua Mitts 01:21 How Prediction Markets are Manipulated 07:28 The Cost of Prediction Market Manipulation 10:21 Where Prediction Market Manipulation Happens 13:46 Listener Submitted Questions 16:10 Protecting Yourself from Market Manipulation Learn more about your ad choices. Visit megaphone.fm/adchoices