now you can bet on real life. but should we?
kill switch
Kaleidoscope
4.7 • 635 Ratings
🗓️ 17 December 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
Betting used to be something you did in a casino. Now it lives in your pocket and you can bet on just about anything: sports, Labubus, elections, and even forest fires. Dexter talks with Emily Stewart, senior correspondent at Business Insider, about why betting is everywhere, how any of it is legal, and if it’s changing how we experience real world events.
Got something you’re curious about? Hit us up killswitch@kaleidoscope.nyc, or @killswitchpod, or @dexdigi on IG or Bluesky.
Read:
- Emily’s article, “Everything’s casino”: https://www.businessinsider.com/kalshi-polymarket-fanduel-draftkings-sports-betting-gambling-2025-11
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.5 | Guaranteed human. |
| 0:16.0 | The first thing that came up for me was like this pool where you could bet on the price of some |
| 0:23.1 | luboo release that's about to happen. You know, is it going to be more than $120? Are they |
| 0:29.2 | going to be more than $130? It was like, I really was like, I can't imagine trying to explain this |
| 0:35.3 | to myself five years ago, but that's where we're at. |
| 0:39.3 | Emily Stewart is a senior correspondent at Business Insider. |
| 0:42.9 | One of her beats is gambling, and that's been getting pretty weird recently, because people |
| 0:47.6 | aren't just betting on sports now. |
| 0:49.6 | They're betting on real life. |
| 0:52.5 | Okay, betting on whether or not the next Lubu- Lubu drop is going to be over or under $130. |
| 0:58.8 | Okay, you don't know. |
| 1:01.3 | I don't know. |
| 1:03.9 | Somebody has a friend who works at Lubuco Incorporated or whatever it is. |
| 1:10.0 | And they know. And they can just say, hey, look, |
| 1:12.6 | I'm about to put a G on one of these sides. How much is it going to be? I'll split it with you. |
| 1:21.2 | Boom, 500. That just seems ripe for manipulation. Inside or trading, whatever you want to call it. |
| 1:28.3 | The CEO of Polymarket did an interview the other day with Axios, and they asked him about this. |
| 1:35.3 | Nobody is under the impression that nobody knows the answer, right? |
| 1:39.3 | And I think what's cool about Polymarket is that it creates this financial incentive for people |
| 1:45.5 | to go and divulge information to the market and the market to change. |
| 1:48.5 | When you say divulge, you mean the people who actually know? |
... |
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