Prediction Markets

Summary

Prediction markets like Kalshi and Polymarket, once seen as a solution for sports betting addicts, have become a new trap. These platforms, despite claiming to be more like stock exchanges, have drawn in self-excluded gamblers, leading to financial ruin. The cycle of hype, bets, and crashes is familiar to addiction experts, who see no real difference betw…

Show notes

Prediction markets like Kalshi and Polymarket, once seen as a solution for sports betting addicts, have become a new trap. These platforms, despite claiming to be more like stock exchanges, have drawn in self-excluded gamblers, leading to financial ruin. The cycle of hype, bets, and crashes is familiar to addiction experts, who see no real difference between these platforms and traditional gambling. The platforms offer tools for self-control, but self-exclusion lists are not universally recogniz

Themes

• daily