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Home > WSJ What’s News > Why Almost Everyone Loses on Prediction Markets
Podcast: WSJ What’s News
Episode:

Why Almost Everyone Loses on Prediction Markets
Category: News & Politics
Duration: 00:14:36
Publish Date: 2026-05-04 09:55:00
Description:

A.M. Edition for May 4. President Trump announces a new plan for opening the Strait of Hormuz - but traders seem unconvinced, sending oil prices higher. Plus, GameStop makes a massive play for e-commerce giant Ebay. And a Journal investigation reveals why most prediction market bets end in a loss. WSJ’s Neil Mehta details the winners and losers of platforms like Kalshi and Polymarket - and why the odds are worse than a Vegas slot machine. Daniel Bach hosts.


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