The Dark Side of Prediction Markets

Gav and Dave wade back into the increasingly unhinged world of prediction markets, starting with how Kalshi ended up fining and banning a handful of American politicians for betting on their own elections, which sounds small until you realize it’s basically insider trading with campaign posters. Then, they pivot to the much less subtle case of a U.S. military operator getting arrested after allegedly pulling in over $400,000 on Polymarket by betting on the capture of Nicolás Maduro using classified information. Are there more cases like this coming soon? Let us know what you think!If you enjoyed the episode, please like, comment, subscribe, and share! All the best from both of us On the Fringe,Gav and Dave This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit onthefringepodcast.substack.com/subscribe