
Sign up to save your podcasts
Or


Prediction markets like Polymarket and Kalshi have had a big year in 2025, but what are they really? Securities? Derivatives? Sportsbooks? They may be all of the above.
Listen to my breakdown on how these markets have evolved over time, and what led to their current rise today. We then dive into the opportunities, risks, and the regulatory challenges that may shape their future.
CHAPTERS
02:54 The Origin of Prediction Markets
06:43 Polymarket, Kalshi, and Modern Prediction Markets
09:16 Regulation and What’s Next
09:31 Bucket A: Policy, Finance, and Economics
13:36 Bucket B: Sports, Entertainment, and Pop Culture
SPONSORS
Chartmetric: Listen in for our Stat of the Week
Too Lost: empowering artists with tools to manage, distribute, and grow their music independently.
TRAPITAL
Where technology shapes culture. New episodes and memos every week. Sign up here for free.
By Dan Runcie4.9
167167 ratings
Prediction markets like Polymarket and Kalshi have had a big year in 2025, but what are they really? Securities? Derivatives? Sportsbooks? They may be all of the above.
Listen to my breakdown on how these markets have evolved over time, and what led to their current rise today. We then dive into the opportunities, risks, and the regulatory challenges that may shape their future.
CHAPTERS
02:54 The Origin of Prediction Markets
06:43 Polymarket, Kalshi, and Modern Prediction Markets
09:16 Regulation and What’s Next
09:31 Bucket A: Policy, Finance, and Economics
13:36 Bucket B: Sports, Entertainment, and Pop Culture
SPONSORS
Chartmetric: Listen in for our Stat of the Week
Too Lost: empowering artists with tools to manage, distribute, and grow their music independently.
TRAPITAL
Where technology shapes culture. New episodes and memos every week. Sign up here for free.

16,210 Listeners

1,497 Listeners

9,654 Listeners

553 Listeners

30,239 Listeners

113,041 Listeners

3,993 Listeners

3,632 Listeners

7,860 Listeners

5,595 Listeners

16,229 Listeners

374 Listeners

1,130 Listeners

1,444 Listeners

217 Listeners