When you can bet on anything, everything changes.

Unlike sports betting, prediction markets like Polymarket and Kalshi give users the freedom to bet on anything that comes to mind. Will Lady Gaga sing at the Super Bowl? What words will Trump say in his next speech? Or worse… the assassination of a world leader.

Those bets - which are illegal - is what has prediction markets in hot water and lawmakers hustling to put guardrails on the industry. It’s also what today’s guest predicted in our 2026 predictions episode at the top of the year.

NPR’s Bobby Allyn returns to the show to unpack the wild west of prediction markets and what the unfettered access to this market could do to us as a culture.

Want more? Check out these IBAM episodes:
2026 Predictions: Beyoncé retires, AI busts, Democrats lift weights
Get rich or die trying: how sports betting is changing our love of the game

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The casino-ification of literally everything