Polymarket, Kalshi, and the Line Between Investing and Gambling

Sanmeet Deo: Well, prediction markets, basically, in essence, if you think of the movie Rat Race, where the rich guys are betting on anything and everything happening in the whole, like the movie, that's what prediction markets are. The recipe for the explosion was really legal, well funded, and user friendly product that lets anyone trade on, real world events, like New York City Mayor election, top artists on Spotify, the existence of aliens. Kalshi she is one of them, which became the first CFTC regulate ...