About this episode
Prediction markets like Kalshi and Polymarket are making it possible for just about anyone to profit off war.
This episode was produced by Hady Mawajdeh, edited by Amina Al-Sadi and Jolie Myers, fact-checked by Andrea López-Cruzado, engineered by Patrick Boyd and David Tatasciore, and hosted by Sean Rameswaram.
A betting page on Kalshi about Iran closing the Strait of Hormuz. Photo by Samuel Boivin/NurPhoto via Getty Images.
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