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So we’re betting on everything now?

Good Work | April 12, 2026



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There’s a new way to lose all your money. Prediction markets platforms like Kalshi and Polymarket are allowing users to bet on everything from sports to wars, and Dan Toomey needs to get in on the action.

Featuring interviews with:

Dustin Gouker, Prediction markets reporter
Dustin’s newsletter: https://nexteventhorizon.substack.com/
^ It’s called Event HORIZON not HorizonS that’s our bad we’re sorry Dustin we love you

Ilya Beylin, Seton Hall Law Professor
About Ilya: https://law.shu.edu/profiles/beylinil.html

Caleb Davies, Prediction markets trader
Follow Caleb: https://x.com/GaetenD

Kyla Scanlon, Author & economics commentator
Follow Kyla: https://x.com/kylascan

Writers / creators: Jack Stebbins, Henry Stockwell, Dan Toomey
Audience development: Jen Walsh
Thumbnail designer: Seth Laupus

Written by Good Work

Comments

This post currently has 28 comments.

  1. @sophia-helenemeesdetricht1957

    April 12, 2026 at 11:22 pm

    G-d, I hate the New York Times… you're the paper of record, you can have an informed opinion! "I try to stay away from good or bad" what are you talking about, the previous interviewee is an obvious gambling addict, and people with the juice to manipulate world events are doing so to win bets on Kalshi, which is objectively, legally bad!!

  2. @visceralcinema

    April 12, 2026 at 11:22 pm

    What folks are forgetting about these "prediction markets" is they incorporate a "time decay", which is the single driver with how the "premium" of an options contract is priced. And thus, as the said event one or all are betting-on approaches its expiry date–as listed in Kalshi or Polymarket–the price of the bet starts going up and thus ANY available information then becomes invaluable, which sort of mimics the derivatives markets and not the betting markets. This is why the guy who has made "half-a-mil" on these platforms said you can't be an idiot is absolutely the truth. I think the fact Kalshi and Polymarket went straight to the CFTC was a game changing move that Draft Kings perhaps never considered with they went live with their product!

  3. @liamnehren

    April 12, 2026 at 11:22 pm

    Cliff notes: the Stock Market should be labelled as gambling and all gambling made illegal. This will close the loop hole rich people use to fleece everyone else with their stock market manipulation.

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