Prediction Markets Are a Casino for Desperate People

Prediction Markets Are a Casino for Desperate People

May 4, 2026 · 6 min

About this episode

The episode discusses the gambling culture behind prediction markets and the risks involved for everyday people.

LISTEN and SUBSCRIBE on: Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on: https://www.youtube.com/@WatchdogOnWallstreet/featured Polymarket and Kalshi promise easy money — but the numbers tell a different story. Nearly all profits are going to a tiny fraction of users while millions lose. This breakdown exposes the gambling culture behind prediction markets and why critics say everyday people are being lured into a rigged casino.

People in this episode

Host: Chris Markowski

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Organizations: Polymarket, Kalshi, Apple Podcasts, Spotify, YouTube

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