A market to bet on the future

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 17 August 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Peer into the crystal ball with Kalshi.com. Will inflation stay high? Will daylight saving time become permanent? Place your bets.

Transcript

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0:00.0	NPR.
0:11.7	If you follow the news, you're going to be bombarded with people making predictions.
0:16.2	Gas prices are going to keep falling.
0:17.6	Or they're going to go up.
0:19.2	Congress is not going to pass this bill by the end of the year, or it will pass it immediately.
0:23.8	Now, these people are just talking.
0:25.4	They're just like semi-expert, saying one thing, saying another.
0:29.5	You know, I might trust them more if they stood to lose or gain some money on this.
0:35.2	You know, if they were making a bet, if they stood to profit, if they were right, and
0:39.1	lose if they were wrong.
0:41.1	This is the indicator from Planet Money.
0:42.6	I'm Darian Woods.
0:44.2	Join here today by my former colleague, Jacob Goldstein.
0:47.2	Welcome to the show.
0:48.2	Hi Darian.
0:49.2	Good to have you.
0:50.2	It's fun to be here talking to you.
0:51.7	Yeah, thanks.
0:52.7	So you host a podcast now called What's Your Problem?
0:55.6	This is from that podcast, an episode about betting markets.
0:58.9	Yeah, so recently for this show, What's Your Problem, I interviewed the co-founder of this
1:03.6	pretty new company that is essentially a market where ordinary people can bet their own
	...

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