688. When Is a Bet Not a Bet?
2026-09-25 · 51 min · episode 688 · 6 entities
Asserted relationships
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evidence rules-v4
Feed category: Society & Culture
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evidence rules-v4
Feed author/publisher: Freakonomics Radio + Stitcher
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0.40
evidence rules-v4
Feed category: Documentary
Entities found in this episode
concepts 4
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evidence rules-v4
Feed category: Society & Culture
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0.50
evidence rules-v4
Feed category: Documentary
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0.40
evidence rules-v4
Feed category: Society & Culture
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0.40
evidence rules-v4
Feed category: Documentary
companys 2
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evidence rules-v4
Feed author/publisher: Freakonomics Radio + Stitcher
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0.40
evidence rules-v4
Feed author/publisher: Freakonomics Radio + Stitcher
Episode description as stored
That’s the question at the heart of a battle between Kalshi and state gambling regulators. As prediction markets boom, there are other questions, too — about insider trading, market manipulation, and whether the public has turned against them. (Part two of a two-part series .)
SOURCES: Gary Gensler , former chair of the S.E.C. and the C.F.T.C.
Robin Hanson , professor of economics at George Mason University.
Nicole Kagan , head of research at Kalshi.
Tarek Mansour , co-founder and C.E.O. of Kalshi.
RESOURCES: " Shall We Vote on Values, But Bet on Beliefs? " by Robin Hanson (Journal of Political Philosophy, 2013).
EXTRAS: " Are Prediction Markets the Best Forecasting Tool Ever — or Just Another Casino? " by Freakonomics Radio (2026).
" He Helped Clean Up the Last Crash. Does He See Another One Coming? " by Freakonomics Radio (2026).
" The Economics of Sports Gambling ," by Freakonomics Radio (2019).
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