Prediction markets have exploded to $25 billion traded in a single month — but what exactly are they, and why should you care? Bloomberg journalist Tom Maloney joins the show to break down how platforms like Polymarket work, who's getting rich, and the deeply weird world of betting on elections, missile strikes, and Kim Kardashian's bar exam. From soldiers allegedly insider trading on military operations to people threatening journalists over their bets, this episode explores whether prediction markets are the final boss of financial nihilism.

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