Oct 21, 2026 · 55 min · 25 segments
Utah sues Kalshi, seeking $60 million in profit made off of Utahns -- Kevin O'Leary submits new water rights application -- Ridgeline and Green Canyon girls soccer final calls
One of the first that I remember, I actually had an account, was called Predictify.
Well, of course, they made money off the ads that you'd see when you're in their app or at their website.
See if people's collective wisdom could actually be a good predictor of everything from world events to – this was kind of morbid, but celebrity deaths, politics and campaign outcomes.
You know, we collectively were not good at predicting things because, you know, as most political scientists will tell you, we use our guts more than our heads a lot more than any of us want to admit.
And two of the biggest of these prediction markets that, again, that's what they call themselves these days are Kalshi, K-A-L-S-H-I, and Polymarket.
It went from just, you know, fun prediction market kind of stuff to gambling.
Basically, you put money in account, and then you can wager money on, you know, certain, you know, you can create your own bets, if you will, and see if others are interested.
And, of course, the more people that get interested, the more money there is on the line to win.
But what most people do is just bet on existing wagers that are available, and it's sports, politics, world events, celebrity news and gossip, pretty much anything that you could imagine.
There was even a big bet for – whether the groundhog would see a shadow or not.
Back in, was that February when we do that? Anyway, so anything literally can be turned into a gamble.
One of the first that I remember, I actually had an account, was called Predictify.
Well, of course, they made money off the ads that you'd see when you're in their app or at their website.
See if people's collective wisdom could actually be a good predictor of everything from world events to – this was kind of morbid, but celebrity deaths, politics and campaign outcomes.
You know, we collectively were not good at predicting things because, you know, as most political scientists will tell you, we use our guts more than our heads a lot more than any of us want to admit.
And two of the biggest of these prediction markets that, again, that's what they call themselves these days are Kalshi, K-A-L-S-H-I, and Polymarket.
It went from just, you know, fun prediction market kind of stuff to gambling.
Basically, you put money in account, and then you can wager money on, you know, certain, you know, you can create your own bets, if you will, and see if others are interested.
And, of course, the more people that get interested, the more money there is on the line to win.
But what most people do is just bet on existing wagers that are available, and it's sports, politics, world events, celebrity news and gossip, pretty much anything that you could imagine.
There was even a big bet for – whether the groundhog would see a shadow or not.
Back in, was that February when we do that? Anyway, so anything literally can be turned into a gamble.
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