Keep pulling the thread on Chris Beam.
Prediction market platforms Kalshi and Polymarket are involved in lawsuits with state regulators who allege the platforms offer illegal gambling.
The Commodity Futures Trading Commission (CFTC) has defended Kalshi and Polymarket against allegations of illegal gambling, arguing that their trading activities do not constitute gambling.
Polymarket has experienced rapid growth in trading volume.
Prediction market platforms Kalshi and Polymarket are experiencing growth in both the number of traders and trading volume within the United States.
Sports betting is the dominant category on the prediction market platforms Kalshi and Polymarket.
The dominance of sports betting on Kalshi and Polymarket is declining as other categories, such as politics and crypto, are growing.
Prediction market "purists" are disappointed with Kalshi and Polymarket because the platforms are predominantly focused on sports betting rather than events with perceived greater social utility.
The ideas of the "rationalist" community have inspired technology leaders including Sam Altman, Dario Amadei, Sam Bankman-Fried, and Elon Musk.