Are Prediction Markets Gambling? A Lot Rides on the Answer.

Prediction markets such as Kalshi and Polymarket have gained huge popularity over the past year. These marketplaces allow you to wager on just about anything — whether it’s who will win a football game or the weather in New York City.

David Yaffe-Bellany, a technology reporter for The New York Times, discusses the legal challenge these platforms now face and how it could determine their future.

Guest: David Yaffe-Bellany, a technology reporter for The New York Times.

Background reading: 

• A clash between prediction markets and states has set off a furious political battle.
• Donald Trump Jr.’s firm led a $1 billion funding round for Polymarket.

Photo: Eric Helgas for The New York Times

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