Bets on Maduro, Jesus Show Promise and Risks of Prediction Boom

Prediction platforms pitch themselves as tools for insight, but eye-catching bets on real-world events are raising questions about access, integrity and regulation. The markets represent nothing less than a rebuilding of capitalism from the inside out. What they possess, their promoters say, is an unprecedented ability to churn out intelligence on everything from corporate power struggles to geopolitical standoffs. Prediction markets giants Polymarket and Kalshi — the industry’s pioneers — are harnessing at massive scale the raw gambling mania underpinning it all to deliver an information hack for the modern economy. Bloomberg News Cross-Asset Reporter Denitsa Tsekova and Bloomberg News Financial Regulation Reporter Lydia Beyoud join Bloomberg Businessweek Daily to discuss. They speak with Carol Massar and Tim Stenovec. (Source: Bloomberg)