What do prediction markets like Kalshi cost us?

One way or another, we live in a world where people can bet on virtually anything using sites like Polymarket and Kalshi. In this episode, Devindra and Engadget senior reporter Karissa Bell dive into the world of prediction markets. How did we get here? And does endless betting have any effect on the real world? We also discuss the new US version of TikTok, which stumbled in its first weekend with a litany of errors and reported censorship.

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Topics

• Who will buy the Samsung Galaxy Z Tri-fold for $2900? – 1:18

• Tesla kills Model X and S lines to focus on its Optimus Moonshot robot – 6:46

• Amazon plans to cut 16,000 jobs and close its grocery stores in a new round of restructuring – 10:45 a.m.

• Most of UK to lose access to Pornhub in fight over age verification and privacy – 9:16 p.m.

• Meta’s internal messages that Instagram is ‘a drug’ for teens could be explosive evidence at trial – 26:59

• What are prediction markets and why are they suddenly so popular? – 32:11

• As TikTok US stumbles, users ask ‘is it server issues or censorship?’ – 46h55

• Around Engadget – 59:11

• Pop Culture Picks – 1:01:23

Credits

Hosts: Devindra Hardawar and Karissa Bell
Producer: Ben Elman
Music: Dale North and Terrence O’Brien