Marisa, Scott and Guy examine state and national effects, while WIRED senior writer Kate Knibbs discusses oversight of platforms including Polymarket and Kalshi.
The discussion explores how real-money betting markets have expanded from sports into election results and overseas conflicts, raising questions about governance and political influence.
It also looks at how such platforms have flourished even in states where gambling is illegal, highlighting regulatory gaps as prediction markets grow rapidly.
As the government sues states to control prediction markets, what does this legal war mean for the future of online betting?
With insider trading now a federal crime on these platforms, can anonymous crypto markets ever be truly policed for fairness?