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On Point with Meghna Chakrabarti

What happens when you can bet on anything?

On Point with Meghna Chakrabarti

WBUR

Talk Show, Daily News, News, Npr, On Point, Daily

4.23.5K Ratings

🗓️ 8 October 2025

⏱️ 40 minutes

🧾️ Download transcript

Summary

Prediction markets have long been an under-the-radar way to bet on politics, sports and pop culture. Now, platforms like Kalshi and Polymarket are going mainstream. Why are they getting so popular, and how could they impact the way we predict the future?

Transcript

Click on a timestamp to play from that location

0:00.0

Support for this podcast comes from Is Business Broken,

0:03.4

a podcast from the Mayrotra Institute at BU Questrum School of Business

0:07.6

that asks the thorny questions necessary for this moment.

0:11.6

Follow Is Business Broken and stay tuned for new episodes this fall.

0:16.9

WBUR Podcasts, Boston. Yeah, I've made quite a lot of trades at 500 a week.

0:36.9

23-year-old Max de Groot is indeed a trader.

0:40.7

He also happens to be an aspiring doctor.

0:43.5

He's a med student in the Netherlands.

0:45.8

But for about 25 hours every week, more than half the working week, if he had a job,

0:51.8

he makes trades, 500 trades a week like you heard, and not on

0:56.0

any conventional stock market. Max trades on something called prediction markets.

1:01.1

I joined around the time of the election, and one thing I found very entertaining was

1:06.7

Trump mentioned markets. So basically the idea is that you bet on what Trump will say,

1:13.6

which is quite stupid, but it's actually quite active. And at first, of course, I made some,

1:20.6

well, some losses, but then after a while I got a bit better. You kind of start knowing what the kind of things he talks about and such.

1:30.8

It's a very weird thing to predict on, but on the polar market, it's possible.

1:36.4

Weird for sure.

1:37.8

But growing rapidly.

1:39.9

Prediction markets let people place bets on future events.

1:44.0

From how many touchdowns your favorite wide receiver will catch,

1:47.2

to how many albums Taylor Swift's latest release will sell

1:50.7

to where the biggest betting market of all,

...

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