The Bull Case For Prediction Markets | Ryan & David

In this episode of Bankless, David and Ryan explore the burgeoning world of prediction markets, defining what they are and differentiating them from sports betting platforms. They discuss major players like Polymarket and Kalshi, including their origins, functionalities, and regulatory landscapes, highlighting Polymarket's crypto-native approach and Kalshi's legal victory enabling mainstream participation. The hosts analyze the volume and valuation of prediction markets, comparing them to sports betting platforms, and suggest that prediction markets have the potential for exponential growth due to their broader scope beyond sports. They also discuss the unique value of prediction markets as a source of unbiased information and truth, contrasting them with mainstream media and polling, and touch on the philosophical implications of prediction markets as a form of free speech.