meta_pixel
Tapesearch Logo
Log in
CNN 5 Things

One Thing: Inside the ‘Casino-ification’ of Everything (Including War)

CNN 5 Things

CNN

Daily News, News

3.71.3K Ratings

🗓️ 22 March 2026

⏱️ 23 minutes

🧾️ Download transcript

Summary

Prediction markets are opening new doors to bet on pretty much anything - even outcomes during war. But things can get pretty heated when money is on the line, and now at least one state is stepping in to accuse a major prediction market of running an illegal gambling operation. WIRED’s Kate Knibbs talks about the “casino-ification” of everything and what this could mean for the future of politics and betting.    For more: Iran-related bets on prediction sites scrutinized over ‘death markets’ and possible insider trades  ---  Guests: Jesus Martinez & Kate Knibbs, WIRED Senior Writer   Host: David Rind  Producer: Paola Ortiz  Showrunner: Felicia Patinkin Photo: Daniel Heuer/Bloomberg via Getty Images Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is one thing. I'm David Rind and War. What is it good for? To some, the answer is easy money.

0:07.0

It's definitely part of this larger thread of the casinoification of everything in the U.S.

0:14.0

Stick around.

0:16.0

I'm pretty bothered. I'm a little hot and bothered, if I'm going to be honest, because if it says someone's going to be out as supreme leader, it doesn't matter how they're out. If they're out, they're out.

0:30.6

Jesus Martinez is what you would call a cryptocurrency influencer. He told me he's always willing to explore new kinds of fintech, financial technology,

0:39.7

but he's never been much into sports gambling apps like Fandul or Draft Kings.

0:44.3

Lately though, he's been seeing a lot of ads and stories about prediction markets like

0:48.4

Polymarket and Kalshi.

0:53.7

There's no chance he wins.

0:54.8

She has to be releasing an album this month.

0:56.7

The AI bubble will pop soon.

0:58.1

Everyone has an opinion.

1:00.3

Make money on yours.

1:01.3

We're going to dive deep into what prediction markets are and whether it is even technically

1:05.8

gambling in a minute.

1:07.2

But for now, just know how they work is you put money on whether or not a certain event

1:11.5

is going to happen by a certain date.

1:13.9

It's as simple as yes or no.

1:15.9

So I had to test it.

1:17.2

I very recently decided to get onto Kalshi because they're the biggest prediction market out

1:23.3

there.

1:24.2

Well, a few weeks ago, Jesus was intrigued by one event that was very much in the news. The title of the market was Ali Hamanay, out there. Well, a few weeks ago, Hesuz was intrigued by one event that was very much in the news.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNN, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNN and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.