Best Of - Why Prediction Markets Are Worse Than the Stock Market

Excerpt from the episode "Are Prediction Markets Built for Insider Information and Sucker Bets?" (https://callitlikeiseeit.com/are-prediction-markets-built-for-insider-information-and-sucker-bets) In that episode, James Keys and Tunde Ogunlana discussed the story of the US soldier that is being charged for using confidential insider information to win bets about the capture of Maduro on the prediction market platform Polymarket and considered the risks that society faces as prediction markets like Polymarket and Kalshi seem to be turning the whole world into a casino. https://www.forbes.com/sites/siladityaray/2026/04/24/soldier-charged-with-using-classified-intel-on-maduro-raid-to-win-400000-on-polymarket/ https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/kalshi-ceo-outlines-the-difference-between-prediction-markets-and-sportsbooks https://www.coindesk.com/policy/2026/04/24/u-s-cftc-adds-new-york-to-string-of-states-its-suing-to-stop-prediction-market-pushback https://www.reuters.com/world/americas/brazil-blocks-prediction-platforms-tightens-rules-curb-bet-like-products-2026-04-24/ https://finance.yahoo.com/news/billionaire-investor-warns-sports-prediction-113038136.html #predictionmarkets #gambling #society #sportsbooks #podcastclips