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The Vergecast

Everything is gambling now

The Vergecast

Vox Media Podcast Network

News, Tech News, Technology

4.4 • 4.1K Ratings

🗓️ 16 December 2025

⏱️ 86 minutes

🧾️ Download transcript

Summary

Who's going to win the Super Bowl? What about the latest season of Survivor? Or the race to be the next chair of the Federal Reserve? Who will be Portugal's next president? How many times will Elon Musk tweet in the next week? On Polymarket, and other prediction markets, you can bet on all these things and more. Are we entering a world in which everything is gambling and gambling is everything? Bloomberg's Joe Weisenthal joins the show to explain the rise of prediction markets, what's betting and what's investing, and more. Then, The Verge's Hayden Field teaches us about Model Context Protocol, a wonky bit of AI infrastructure that might be key to making AI agents work. MCP is barely a year old, and practically all of tech is ready to embrace it. Finally, Hayden helps David answer a question on the Vergecast Hotline (call 866-VERGE11 or email [email protected]!) about why every AI company seems to want you to go shopping. Further reading: Are prediction markets gambling? Robinhood CEO Vlad Tenev is betting not Election night at Kalshi HQ Joe Weisenthal at Bloomberg From Bloomberg: My Biggest Question About Prediction Markets Anthropic launches tool to connect AI systems directly to datasets AI companies want a new internet — and they think they’ve found the key Subscribe to The Verge for unlimited access to theverge.com, subscriber-exclusive newsletters, and our ad-free podcast feed.We love hearing from you! Email your questions and thoughts to [email protected] or call us at 866-VERGE11. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to the Burgecast, the flagship podcast of the difference between tool use and computer use.

0:08.0

I'm your friend David Pierce, and I am almost done setting up my new studio.

0:13.0

I mean, studio is strong. I'm at my desk. I have some lights. I put up all this cool, like, they're acoustic tiles, but they also just have nice texture and

0:21.3

look sort of like I'm doing this on purpose. Uh, I have this awesome light from MoMA. I have

0:26.6

my knockoff TikTok shop headphones. I have everything I need, except for a couple of things. I need to

0:32.3

fix the sound. I'm going to get another one of these shelves because I just don't have enough

0:36.1

space to store all of the boxes for gadgets that I have, but we're getting there. I'm starting to feel slightly settled in this house. I got a space heater right there because it's like 40 degrees down here. We're getting there. We're making progress. But today we are not here to talk about what's going on in my home office, although I could do that, and I will at great length. Today we're going to do two things. First, I'm going to talk to Joe Wisenthal from Bloomberg

0:57.5

about polymarket and Kalshi and this general rise in what's called prediction markets.

1:03.6

How they got here, how they're so controversial and yet so popular, and where they go from here.

1:09.9

Then Hayden Field is going to come on and talk about model context protocol, which is a new and pretty important idea about how AI is going to work. And I think if we're going to get agents in a real way, the way that all of these companies are promising, MCP is a big part of how we get there. We're also going to do a hotline question about some AI stuff. We've got a lot to do.

1:28.9

It's going to be very fun. But first, I'm going to take a break so that I can turn on this space heater for a minute and start to feel my toes again. This is the Vergecast. We'll be right back. Support for this show comes from Odu. Running a business is hard enough. So why make it harder with a dozen different apps that don't talk to each other?

1:46.8

Introducing Odu. Running a business is hard enough, so why make it harder with a dozen different apps that don't talk to each other?

1:46.0

Introducing Odu, it's the only business software you'll ever need.

1:51.0

It's an all-in-one fully integrated platform that makes your work easier, CRM, accounting, inventory, e-commerce, and more.

1:59.0

And the best part, Odo replaces multiple expensive platforms for a fraction of the cost.

2:04.9

That's why over thousands of businesses have made the switch.

2:08.2

So why not you?

2:09.5

Try O-D-U for free at O-D-O-D-Com.

2:12.5

That's O-D-O-O-O-O-D-com.

2:21.0

Support for this show comes from MongoDB.

2:23.8

You're a developer who wants to innovate.

2:28.0

Instead, you're stuck fixing bottlenecks and fighting legacy code.

...

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