Steadcast
Planet Money cover art
Planet Money

Do prediction market bettors make anything better?

April 18, 202632 min · 6,742 words

Show notes

Have you noticed a lot of young people getting into antenna-maxxing as alpha? Or, maybe searching for any bit of copium after they fat-fingered and got rinsed? Or maybe they farmed during a yes-fest on Mention Markets resulting in some serious printing? If none of that made sense to you, then we have the perfect episode for you.

Highlighted moments

You stop absorbing the content and you're just literally just, like, hearing the words as, like, a cherry in the slot machine.
They use the playbook that the crypto industry, I think, started and perfected during the Biden administration, which is framing their disruption of industries as a technological disruption, when I would characterize it more as just a legal disruption.
These markets are only profitable for people like me because there are people just throwing away money. I think that's probably pretty bad, to be honest.

Transcript

Transcript not available for this episode yet.

More from Planet Money

Older workers aren’t retiring. Should they be forced to?

Aug 7, 202634 min

Sand heists and property rights in the Caribbean (Summer School)

Aug 5, 202640 min

What makes a toy go viral

Jul 31, 202625 min

How to beat the resource curse in Norway (Summer School)

Jul 29, 202638 min

Piles of cash and a town of solutions in Kenya, Nigeria (Summer School)

Jul 24, 202638 min