
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.

16,125 Listeners

1,494 Listeners

9,513 Listeners

552 Listeners

30,187 Listeners

112,031 Listeners

3,988 Listeners

3,625 Listeners

7,837 Listeners

5,563 Listeners

15,852 Listeners

376 Listeners

1,124 Listeners

1,432 Listeners

135 Listeners