What do prediction markets like Kalshi cost us? + TikTok US stumbles

Somehow, we live in a world where people can bet on practically anything using sites like Polymarket and Kalshi. In this episode, Devindra and Engadget Senior Reporter Karissa Bell dive into the world of betting markets. How did we get here? And is endless betting having an effect on the real world? Also, we chat about the new American version of TikTok, which stumbled during its first weekend with a litany of errors and reported censorship.

Who’s going to buy the Samsung Galaxy Z Tri-fold for $2900? – 1:18

Tesla is killing off the Model X and S lines to focus on its Optimus robot moonshot – 6:46

Amazon plans to cut 16,000 jobs and close its grocery stores in another round of restructuring – 10:45

Most of the UK will lose access to Pornhub in a fight over age verification and privacy – 21:16

Internal messages from Meta about Instagram being ‘a drug’ for teens could be bombshell evidence at trial – 26:59

What are prediction markets and why are they suddenly so popular? – 32:11

As TikTok US stumbles, users ask ‘is it server problems or censorship?’ – 46:55

Around Engadget – 59:11

Pop culture picks – 1:01:23