{"podcast":{"title":"The Global Story","slug":"the-global-story-6677479","podcast_index_feed_id":6677479,"rss_url":"https://podcasts.files.bbci.co.uk/w13xtvsd.rss","website_url":"http://www.bbc.co.uk/programmes/w13xtvsd","image_url":"http://ichef.bbci.co.uk/images/ic/3000x3000/p0ncxykc.jpg","author":"BBC","episode_count":615,"summary":"Where the world and America meet, with episodes each weekday. The world is changing. Decisions made in the US and by the second Trump administration are accelerating that change. But they are also a symptom of it. With Asma Khalid in DC, Tristan Redman in London, and the backing of the BBC’s international newsroom, The Global Story brings clarity to politics, business and foreign policy in a time of connection and disruption.","last_synced_at":"2026-07-30T18:19:57.205426+00:00","page_url":"https://stenobird.com/podcast/the-global-story-6677479"},"episode":{"title":"How did prediction markets get so big?","slug":"how-did-prediction-markets-get-so-big","published_at":"2026-06-01T09:00:00+00:00","page_url":"https://stenobird.com/podcast/the-global-story-6677479/how-did-prediction-markets-get-so-big","show_page_url":"https://stenobird.com/podcast/the-global-story-6677479","url":"http://www.bbc.co.uk/programmes/w3ct8mc2","audio_url":"http://open.live.bbc.co.uk/mediaselector/6/redir/version/2.0/mediaset/audio-nondrm-download-rss/proto/http/vpid/p0npdtk5.mp3","summary":"On prediction markets such as Polymarket people are placing sometimes huge wagers on questions ranging from the sublime (‘will Jesus Christ return by the end of the year?’) to the very serious (‘will the US invade Iran?’). Gambling is restricted across many US states but prediction markets are not classified as gambling. Their rapid rise over recent years speaks – some say – to an increasing nihilism among young men in particular, who feel they may as well try to profit from world events they cannot control. Supporters say prediction markets are a smart way to make money. Critics say they are enabling insider trading. So what is the truth behind their rise? We speak to senior business journalist at the BBC, Mitch Labiak. Producer: Hannah Moore Mix: Travis Evans Executive producers: Richard Fenton-Smith and James Shield Senior news editor: China Collins Photo: Polymarket logo appears in this illustration. Credit: Reuters/Dado Ruvic/Illustration/File Photo","meta_description":"On prediction markets such as Polymarket people are placing sometimes huge wagers on questions ranging from the sublime (‘will Jesus Christ return by the…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1589,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-global-story-6677479/episodes/how-did-prediction-markets-get-so-big/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-global-story-6677479/how-did-prediction-markets-get-so-big.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}