All Bets Are On

“Senators Adam Schiff (D-CA) and John Curtis (R-UT) introduced a bill on Monday that could prevent prediction market platforms Kalshi and Polymarket from allowing users to wager money on sports events or play casino-style games.” Don Jr. has financial relationships with both leading prediction markets, so it’s unlikely that we’ll see them reined in anytime soon. Meanwhile, while people love sports betting, they’re quickly getting used to betting on everything. David Wallace-Wells on The Casino That’s Eating the World. “‘The long-term vision is to financialize everything and create a tradable asset out of any difference in opinion,’ Tarek Mansour, the chief executive of another major prediction market, Kalshi, declared in November. But who wants this future, besides perhaps inveterate gamblers and those people who profit off them?” (Bingo. And I mean Bingo as in that’s exactly right, not Bingo the casino game…)