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Danny and Derek are joined by Jay Caspian Kang of Time to Say Goodbye and Sam Biddle of The Intercept to discuss prediction markets, online gambling, and the effort to financialize politics, war, and social life. They talk about the history of prediction markets leading to their current role in betting on elections, coups, invasions, and humanitarian catastrophes; insider trading as a design feature rather than a bug; the erosion of legal and moral guardrails; the growing integration of gambling platforms into journalism and media ecosystems; prediction markets in the context of financialization and declining democratic legitimacy; and the normalization of openly ghoulish profit-seeking, with violence becoming a tradable asset.

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Danny and Derek return from their holiday retreat at Bohemian Grove to bring you news from around the world. This week: Delcy Rodríguez assumes Venezuela’s presidency following Nicolás Maduro’s U.S. rendition (1:31), as questions mount over the indictment (3:51) and Washington moves toward de facto control of Venezuelan oil exports (6:36); Saudi-backed forces push back Southern Transitional Council gains in southern Yemen, with STC leader Aidarous al-Zubaidi fleeing to the UAE and facing treason charges (11:10); Israel bans 37 humanitarian organizations, including Doctors Without Borders (15:33), and advances the E-1 settlement project in the West Bank (17:49); protests spread across Iran amid currency collapse and renewed sanctions (21:05); Thailand and Cambodia’s December ceasefire largely holds despite a reported accidental mortar incident (25:33); U.S. airstrikes in northwestern Nigeria raise questions about targets and objectives (27:52); Israel becomes the first country to recognize Somaliland, prompting regional backlash and speculation about military basing and Gaza resettlement plans (30:44); European leaders discuss security guarantees for Ukraine as part of potential peace negotiations with Russia (36:00); Trump escalates rhetoric and planning around annexing or purchasing Greenland (37:54); the Trump administration pushes for a $1.5 trillion U.S. military budget (42:12); and Trump orders a U.S. withdrawal from dozens of UN and international institutions, particularly those related to climate governance (44:30).

Don't miss ⁠our re-posted episode on American policing with Stuart Schrader⁠.

Also check out ⁠our episode on Venezuela with Greg Grandin⁠.

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Originally published August 31, 2025.

Danny and Derek speak with historian Stuart Schrader about the global

Read Stuart’s book Badges without Borders: How Global Counterinsurgency Transformed American Policing.

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Danny and Derek are joined by historian Greg Grandin to go in depth on the recent U.S. operation in Venezuela. They talk about the removal of Nicolás Maduro while leaving the existing state structure intact, implying America’s preference for coercion over governance; the role of oil in U.S. rhetoric; internal divisions within the Trump administration; comparisons to past interventions in the region; and the weakening of regional resistance to U.S. dominance. The group also looks at Venezuela amid a shifting global order with declining hegemony, rising multipolarity, and limited state capacity for the U.S.

Producer’s note: This episode is out a day early given how fluid the situation is around Venezuela.

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Danny and Derek welcome Gabriel Hetland back to the show, this time to talk about the U.S. military operation capturing Nicolás Maduro and what it says about American power in Latin America. They discuss how years of sanctions and economic warfare set the stage for direct intervention, the unresolved contradictions of the so-called Pink Tide, the role of oil and regional politics in America’s policy, the implications for the broader hemisphere, and what it means when the United States abandons even the pretense of restraint.

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Danny and Derek are joined by Alex Jordan of the Quincy Institute and Always at War to discuss the U.S. seizure of President Nicolás Maduro. They discuss what we know so far about the operation, how it differs from past U.S. interventions in the region, the risks of political fragmentation inside Venezuela, the potential of prolonged U.S. involvement, and the implications about the future of American power in the Western Hemisphere.

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Danny and Derek are joined by journalist Seth Harp to discuss his book The Fort Bragg Cartel, which covers murder and drug trafficking around the North Carolina military installation. They talk about the rise and institutionalization of U.S. special operations after 9/11, how JSOC and related units expanded their role, permanent war reshaping military culture, special forces’ role in assassination campaigns, the end of the draft, reporting on drug trafficking networks, and the social effects of special operations culture on the families and communities connected to Fort Bragg.

Read Seth’s piece in Harper’s, “Mission Impossible.”

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Danny and Derek speak with journalist and cultural critic Daniel Waite Penny to discuss the relationship between masculinity, the manosphere, and climate politics, as explored in the new season of Non-toxic, Carbon Bros. They talk about the “manosphere,” libertarians promoting techno-fixes, and Silicon Valley elites pushing solutions like space colonization; how gendered ideas about strength, autonomy, and grievance have fused with climate denial and hostility toward environmental regulation; where these dynamics fit within broader shifts in political economy and the interests of fossil capital; and the roots of these alignments, their role in contemporary right-wing politics, and what they mean for efforts to build public support for climate action.

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Danny and Derek are joined by historian Aileen Teague to discuss the renewed U.S. focus on Latin America as part of the War on Drugs. They talk about recent U.S. actions in the Caribbean and Venezuela; the return of “narco-terror” rhetoric; political forces driving Washington’s approach to the region; where these developments fit within the longer history of U.S. intervention, sanctions, and militarized security; and what this all means for regional stability, migration, and U.S.–Latin America relations.

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Danny and Derek welcome back to the podcast Eleanor Janega, medieval historian, author, and broadcaster, to get down to brass tacks: What is Christmas? They discuss its practice in early and medieval Christian societies, mummers’ plays and gambling, Saint Nicholas providing dowries and resurrecting boys killed for their meat, the post-Reformation treatment of Christmas, and more.

Grab a copy of Eleanor’s book The Once and Future Sex: Going Medieval on Women's Roles in Society.

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