Are Prediction Markets Built for Insider Information and Sucker Bets?

James Keys and Tunde Ogunlana discuss 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 consider 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