Gambling on Elections, What Could Go Wrong?
What Next | Daily News and Analysis
Slate Podcasts
4.3 • 2.4K Ratings
🗓️ 15 October 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
Forget polls—are gambling websites the real way to predict politics?
Guest: Nitish Pahwa, business and tech writer at Slate
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Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme and Rob Gunther.
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Transcript
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| 0:00.0 | This podcast is brought to you by Progressive Insurance. |
| 0:04.0 | Fiscally responsible, financial geniuses, monetary magicians, |
| 0:09.0 | these are things people say about drivers who switch their car insurance to progressive and save hundreds. |
| 0:15.3 | Visit progressive casualty insurance company and affiliates. |
| 0:21.2 | Potential savings will vary. Not available in all states or situations. So can you just humor me and can we explore one of these prediction market sites together? |
| 0:41.6 | Absolutely. Okay. |
| 0:43.0 | Let's go to Polymarket. |
| 0:45.0 | I'm sitting here with Natish Pawa. |
| 0:48.8 | He writes about business and tech for slate. |
| 0:51.4 | We've both got our laptops open and we're checking out Polymarket.com. |
| 0:56.0 | Proponents call it a prediction market, but it's basically a gambling website |
| 1:02.0 | for betting on all kinds of things. a This is what I'm seeing, a couple of things I'm seeing. |
| 1:14.0 | People can bet on the highest grossing movie in 2024. |
| 1:18.0 | Oh wow, they got one, uh, whether Taylor Swift will announce a pregnancy this year. |
| 1:24.0 | Only 9% chance. |
| 1:26.0 | You can place wagers on who the next James Bond actor will be |
| 1:31.0 | or what team will win the next Super Bowl and on whether the US |
| 1:35.7 | will confirm that aliens exist in 2024 and then of course there are all kinds of |
| 1:42.0 | bets being placed on politics. |
| 1:44.8 | Who will win the presidential race in Michigan? |
| 1:47.9 | Will Biden finish out his term? |
| 1:50.2 | For the most part, people living in the US have not been allowed to place bets on sites like this. |
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