A few weeks ago, traders on the two major prediction market platforms, Kalshi and Polymarket, were furiously debating whether Cardi B’s dancing onstage at the Super Bowl constituted a “performance.” Now the sites’ traders—and some outside observers—are up in arms over the markets that allowed users to bet on Iran’s future. Another day, another moral, legal and philosophical minefield for these businesses.

Chris Beam, Bloomberg Businessweek Contributor writes how the Iran-related controversies generated by Kalshi and Polymarket say a lot about how the two companies are positioning themselves in the sector, as well as in the debates over what role prediction markets should play in our society. Chris speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
Sebastian Escobar

A few weeks ago, traders on the two major prediction market platforms, Kalshi and Polymarket, were furiously debating whether Cardi B&rsquo;s dancing onstage at the Super Bowl constituted a &ldquo;performance.&rdquo; Now the sites&rsquo; traders&mdash;and some outside observers&mdash;are up in arms over the markets that allowed users to bet on Iran&rsquo;s future. Another day, another moral, legal and philosophical minefield for these businesses.
Chris Beam, Bloomberg Businessweek Contributor writes how the Iran-related controversies generated by Kalshi and Polymarket say a lot about how the two companies are positioning themselves in the sector, as well as in the debates over what role prediction markets should play in our society. Chris speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. Sebastian Escobar

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Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.&nbsp; You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

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Kalshi, Polymarket Diverge on Handling of Iran War Predictions

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