Prediction markets have exploded into a $63 billion global industry, with Polymarket and Kalshi handling over $25 billion in monthly trading volume and attracting major institutional backing. But insider trading scandals, state crackdowns, and a landmark CFTC lawsuit have put the industry at a critical crossroads over whether it's legitimate financial innovation or glorified gambling.

A news podcast encapsulating the most salient market news, brought to you by Finextra Pro and powered by Communify.

Open Finextra Pro now!