About
In this episode of Bankless, Ryan and David dive into prediction markets and their place in today’s financial landscape. They unpack how peer-to-peer markets differ from traditional sportsbooks, spotlighting Polymarket and Kalshi, and explore scalability, regulation, and societal impact. Are these markets tools for informed decision-making or just another gambling avenue?
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📣BANKLESS SUMMIT 2025 | SPONSORED BY M0
https://bankless.cc/summit-2025
https://bankless.cc/M0
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BANKLESS SPONSOR TOOLS:
🪙FRAXNET | MINT, REDEEM, EARN
https://bankless.cc/fraxnet
🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain
🛞MANTLE | MODULAR L2 NETWORK
https://bankless.cc/Mantle
🌳KGEN | REQUEST A DEMO
https://bankless.cc/KGEN-podcast
🐂BULLISH | TRADING COMPETITION
https://bankless.cc/trading-competition
💠BIT DIGITAL ($BTBT) | ETH TREASURY
https://bankless.cc/bit-digital
We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors
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TIMESTAMPS & RESOURCES
0:00 Intro to Prediction Markets
2:43 Bankless Summit Announcement
5:32 How Prediction Markets Work
8:06 Who the Big Players Are
14:31 Kalshi’s Breakout and U.S. Access
19:08 Prediction Markets as Media
20:27 How Big Are They Right Now
https://x.com/Polymarket/status/1975528768039985449
https://x.com/shayne_coplan/status/1975534265698812046
https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG
26:17 Where This Is Headed
https://x.com/Domahhhh/status/1973576583064567961
26:40 Sportsbooks vs. Prediction Markets
https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG
https://www.tradingview.com/chart/?symbol=NYSE%3AFLUT
31:43 Why Sportsbooks Are Systemically Unfair
39:10 Rules, Regulators, & Court Fights
54:43 Why This Matters for Society
1:00:31 Wrap Up & What to Watch Next
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
------
📣BANKLESS SUMMIT 2025 | SPONSORED BY M0
https://bankless.cc/summit-2025
https://bankless.cc/M0
------
BANKLESS SPONSOR TOOLS:
🪙FRAXNET | MINT, REDEEM, EARN
https://bankless.cc/fraxnet
🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain
🛞MANTLE | MODULAR L2 NETWORK
https://bankless.cc/Mantle
🌳KGEN | REQUEST A DEMO
https://bankless.cc/KGEN-podcast
🐂BULLISH | TRADING COMPETITION
https://bankless.cc/trading-competition
💠BIT DIGITAL ($BTBT) | ETH TREASURY
https://bankless.cc/bit-digital
We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors
------
TIMESTAMPS & RESOURCES
0:00 Intro to Prediction Markets
2:43 Bankless Summit Announcement
5:32 How Prediction Markets Work
8:06 Who the Big Players Are
14:31 Kalshi’s Breakout and U.S. Access
19:08 Prediction Markets as Media
20:27 How Big Are They Right Now
https://x.com/Polymarket/status/1975528768039985449
https://x.com/shayne_coplan/status/1975534265698812046
https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG
26:17 Where This Is Headed
https://x.com/Domahhhh/status/1973576583064567961
26:40 Sportsbooks vs. Prediction Markets
https://www.tradingview.com/chart/?symbol=NASDAQ%3ADKNG
https://www.tradingview.com/chart/?symbol=NYSE%3AFLUT
31:43 Why Sportsbooks Are Systemically Unfair
39:10 Rules, Regulators, & Court Fights
54:43 Why This Matters for Society
1:00:31 Wrap Up & What to Watch Next
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures