Prediction Markets: All Bets Are War

From the moment the U.S. and Israel launched strikes in Iran at the end of February, several people have been profiting from them because of extremely well-timed bets they made on the prediction market website Polymarket. In March, Polymarket barred trades based on, “stolen confidential information.” And yet people appear to still be making trades using insider information. Just this week, a group of newly created accounts bet correctly on the U.S. and Iran reaching a ceasefire on April 7th. Saahil Desai, senior editor at The Atlantic, joins the show to discuss how prediction markets are capitalizing on war. And in headlines, the White House denies reports of a schism between the Trump administration and the Vatican, humanitarian groups say the ceasefire in Gaza is failing, and a new analysis finds out just how much Democrats are saying the f-word on social media.