Ep 383 | Prediction Markets Are Democratizing Information | Guest: Stu Burguiere

Prediction markets like Kalshi and Polymarket have attracted controversy, as some interests view them as a form of legalized gambling that ought to be outlawed. A better way of looking at them, however, is as a means to harness the wisdom of crowds to improve our understanding of the world around us. Matt Kibbe sits down with BlazeTV host Stu Burguiere, host of the new show “Predictable,” to talk about how prediction markets not only offer a way for knowledgeable people to make money off their insight, but also are replacing traditional opinion polling, which has been notoriously inaccurate at making predictions, with information that is more specific and granular. It turns out that people tend to be more careful in their analyses of current events when there is actual money on the line.