Will Prediction Markets Ruin Pro Sports?

Will Prediction Markets Ruin Pro Sports?

May 6, 2026 · 23 min

About this episode

Eriq Gardner joins Peter to discuss the implications of the Justice Department's commodities fraud case related to prediction markets and a defamation suit involving Gavin Newsom and Fox News.

Eriq Gardner joins Peter to dig into the Justice Department’s first-ever commodities fraud case tied to a prediction market—and how it could reshape how Kalshi, Polymarket, and sports leagues police insiders across sports, media, and politics. Then they turn to Gavin Newsom’s $787 million defamation suit against Fox News, and why a Delaware judge just kept it alive. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

People in this episode

Host: Peter

Guest: Eriq Gardner

Topics covered

Keywords

Mentioned in this episode

Organizations: Justice Department, Kalshi, Polymarket, Fox News

Places: Delaware

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