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 battl...