On today’s Big Take podcast, professional sports gambler Rufus Peabody discusses why he has shifted more of his betting to prediction markets like Kalshi and Polymarke. And markets reporter Justina Lee and sports business reporter Ira Boudway sit down with host David Gura to discuss why these markets are drawing pros like Peabody — and the concerns the platforms raise for regulators and traditional sportsbooks.

Read more: How Polymarket and Kalshi Are Gamifying Truth

Hosted by David Gura; Produced by Julia Press; Reported by Justina Lee and Ira Boudway; Edited by Jeffrey Grocott.

Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

On today&rsquo;s Big Take podcast, professional sports gambler Rufus Peabody discusses why he has shifted more of his betting to prediction markets like Kalshi and Polymarke. And markets reporter Justina Lee and sports business reporter Ira Boudway sit down with host David Gura to discuss why these markets are drawing pros like Peabody &mdash; and the concerns the platforms raise for regulators and traditional sportsbooks.
Read more: <a href="https://www.bloomberg.com/features/2026-prediction-markets-polymarket-kalshi/?srnd=homepage-americas">How Polymarket and Kalshi Are Gamifying Truth</a>
Hosted by David Gura; Produced by Julia Press; Reported by Justina Lee and Ira Boudway; Edited by Jeffrey Grocott.
Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Pro Betters Flock to Prediction Markets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9c99ab00-2581-45dd-9129-b3e9013cd74c/transcript

The ceasefire between the US and Iran is set to expire next week and the US is trying a different tactic to pressure Iran into a deal: a naval blockade.

On today’s Big Take podcast, Bloomberg Economics defense lead Becca Wasser and Bloomberg Middle East Breaking News editor Patrick Sykes join Sarah Holder to break down how the US’s naval blockade of the Strait of Hormuz works, what could happen if it’s tested and how this latest pressure move could influence another round of Iran-US peace talks.

Hosted by Sarah Holder; Produced by David Fox; Reported by Becca Wasser and Patrick Sykes; Edited by Paddy Hirsch.

Fact-checking by Rachael Lewis-Krisky and Laura Newcombe; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The ceasefire between the US and Iran is set to expire next week and the US is trying a different tactic to pressure Iran into a deal: a naval blockade.
On today&rsquo;s Big Take podcast, Bloomberg Economics defense lead Becca Wasser and Bloomberg Middle East Breaking News editor Patrick Sykes join Sarah Holder to break down how the US&rsquo;s naval blockade of the Strait of Hormuz works, what could happen if it&rsquo;s tested and how this latest pressure move could influence another round of Iran-US peace talks.
Hosted by Sarah Holder; Produced by David Fox; Reported by Becca Wasser and Patrick Sykes; Edited by Paddy Hirsch.
Fact-checking by Rachael Lewis-Krisky and Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Trump’s Plan to Open the Strait of Hormuz? Close It

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d8f5cb10-142b-471a-a39a-b42c015d7e95/transcript

Hungarians handed Prime Minister Viktor Orbán a resounding defeat in Sunday’s parliamentary elections. Peter Magyar and his upstart Tisza won the election by a landslide on the promise of ending years of corruption and the ‘illiberal democracy’ that became synonymous with Orbán’s tenure.

On today’s Big Take podcast, former US Ambassador David Pressman sits down with Sarah Holder to discuss what Orbán’s loss means for Hungary’s economy and political institutions, how a new leader could reshape its relationships with the EU and Russia and why President Trump and the MAGA movement are paying close attention.

Read more: Hungarian Stocks and Forint Jump as Orban Loss Starts New Era

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Reported by Andras Gergely; Edited by Jeffrey Grocott.

Fact-checking by David Fox and Laura Newcombe; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Hungarians handed Prime Minister Viktor Orb&aacute;n a resounding defeat in Sunday&rsquo;s parliamentary elections. Peter Magyar and his upstart Tisza won the election by a landslide on the promise of ending years of corruption and the &lsquo;illiberal democracy&rsquo; that became synonymous with Orb&aacute;n&rsquo;s tenure.
On today&rsquo;s Big Take podcast, former US Ambassador David Pressman sits down with Sarah Holder to discuss what Orb&aacute;n&rsquo;s loss means for Hungary&rsquo;s economy and political institutions, how a new leader could reshape its relationships with the EU and Russia and why President Trump and the MAGA movement are paying close attention.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-04-12/forint-jumps-to-three-year-high-as-hungary-s-orban-is-voted-out">Hungarian Stocks and Forint Jump as Orban Loss Starts New Era</a>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Sarah Holder; Produced by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Reported by Andras Gergely; Edited by Jeffrey Grocott.
Fact-checking by David Fox and Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

What Orbán’s Loss Means for Hungary, Russia and Trump

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0995e488-3b71-4ad6-8cda-b42b016417e5/transcript

A core US demand heading into peace talks with Iran this weekend will be reopening the Strait of Hormuz, where a near-total shipping shutdown has led to rising global oil prices and threatened supplies of food, plastics, packaging and semiconductors.

On today’s Big Take podcast, Sarah Holder speaks with Tracy Alloway and Joe Weisenthal, hosts of Bloomberg’s Odd Lots podcast, about how the Hormuz shutdown is reverberating around commodities markets — and the lasting mark it could leave on the global supply chain even after ships start moving again.

For more Odd Lots episodes on Iran and commodities, check out:
How War in Iran Will Squeeze America's Farmers Even Further - Odd Lots 
The Petrochemicals Shock That's Already Rippling Through Plastics - Odd Lots

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky.

Edited by Jeffrey Grocott.

Fact-checking by Eleanor Harrison-Dengate and Julia Press; Engineering by Katie McMurran.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

A core US demand heading into peace talks with Iran this weekend will be reopening the Strait of Hormuz, where a near-total shipping shutdown has led to rising global oil prices and threatened supplies of food, plastics, packaging and semiconductors.
On today&rsquo;s Big Take podcast, Sarah Holder speaks with Tracy Alloway and Joe Weisenthal, hosts of Bloomberg&rsquo;s Odd Lots podcast, about how the Hormuz shutdown is reverberating around commodities markets &mdash; and the lasting mark it could leave on the global supply chain even after ships start moving again.
For more Odd Lots episodes on Iran and commodities, check out:
<ul>
<li aria-level="1"><a href="https://omny.fm/shows/odd-lots/how-war-in-iran-will-squeeze-americas-farmers-even-further">How War in Iran Will Squeeze America's Farmers Even Further - Odd Lots</a>&nbsp;</li>
<li aria-level="1"><a href="https://omny.fm/shows/odd-lots/the-petrochemicals-shock-thats-already-rippling-through-plastics">The Petrochemicals Shock That's Already Rippling Through Plastics - Odd Lots</a></li>
</ul>
Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky.
Edited by Jeffrey Grocott.
Fact-checking by Eleanor Harrison-Dengate and Julia Press; Engineering by Katie McMurran.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

It’s Not Just Oil. War in Iran Will Hike the Price of Nearly Everything You Buy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/052fed3f-c78e-43a7-8a72-b428015fd310/transcript

Pro Betters Flock to Prediction Markets

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