The Prop-Betification of Everything, with the Forefather of Prediction Markets

He is the accidental creator of a phenomenon eating our world and wallets alive. So how does James Surowiecki feel about Kalshi, Polymarket and the wisdom of the crowd, now that even the market for a missile launch can be manipulated? On the eve of the Super Bowl, he re-traces the rise of the casino in your pocket, debunks the cult of the CEO... and forecasts the disturbing possibilities when insider trading maneuvers all the way to the White House (or at least The Dark Lord of the Pentagon).

• Read "The Wisdom of Crowds"

• Previously on PTFO: "The Best Bettor in NBA History on How to Solve a Gambling Crisis

Hosted on Acast. See acast.com/privacy for more information.