On the Fringe

The Dark Side of Prediction Markets


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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!

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All the best from both of us On the Fringe,

Gav and Dave



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On the FringeBy Slightly scripted. Slightly edited. And at times, slightly unhinged. Welcome to On The Fringe!