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Today, Explained

Bettor living through Polymarket

Today, Explained

Vox

Daily News, Politics, News

4.49.5K Ratings

🗓️ 3 December 2025

⏱️ 28 minutes

🧾️ Download transcript

Summary

Polymarket is making it easier than ever to bet billions on anything — including politics. But should we be able to? This episode was produced by Ariana Aspuru, edited by Jolie Myers, fact-checked by Miles Bryan and Kelli Wessinger, engineered by Patrick Boyd and David Tasciore, and hosted by Noel King. A Polymarket billboard displaying New York City mayoral election odds in Times Square. Photo by Adam Gray/Bloomberg via Getty Images. Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. New Vox members get $20 off their membership right now. Transcript at ⁠vox.com/today-explained-podcast.⁠ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Polymarket is a platform that lets you place bets, and people are betting billions.

0:08.9

All it takes is a little cryptocurrency and a dream, and you can gamble on when the U.S.

0:14.1

will invade Venezuela or the Jets game or who's going to be the next Fed chair.

0:18.7

The odds change as bets are placed.

0:20.6

So will Russia and Ukraine declare a ceasefire in 2025?

0:24.8

Probably not.

0:25.6

Right now, only 6% of betters say yes.

0:29.2

But if Putin and Zelensky grow up this month,

0:32.5

those yes bets are going to win a lot of money.

0:34.7

Vladimir and Volodymyr have the potential to do the funniest thing.

0:38.0

I mean, they won't, but what if they did? You want to bet on it? We can. In the last few months,

0:43.8

President Trump relaxed restrictions on Polly Market. Google announced a partnership,

0:47.9

and the New York Stock Exchange said it is investing. Coming up on today, explained, it's Polly Markets World.

1:00.8

Support for this show comes from the Home Depot. This holiday season, you can take advantage

1:06.0

of holiday savings on a wide selection of top smart home security products from the brands you

1:10.7

can trust,

1:11.4

and you can do it at the Home Depot. The Home Depot has everything you need to make your home

1:16.0

smarter with the latest technology and products that let you control and automate your home.

1:20.6

So you can protect your peace of mind, whether you're away or at home this season. The Home Depot.

1:25.9

Smart homes start here. If you're tired of database

1:31.9

limitations and architectures that break when you scale, then it's time to think outside rows and

1:37.4

columns. MongoDB is the database built for developers, by developers. It's acid-compliant,

...

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