
Episode #2
Prediction Markets & The "Big Score" Economy
<p>In this episode, Dick and Paul dig into why "lottery-style" speculation is exploding — from South Korea's illegal 3x leveraged semiconductor ETF mania (where a huge share of active young traders are piling in despite a government ban) to the boom in prediction markets like Kalshi and Polymarket, where over 96% of bettors end up losing money to sophisticated market makers like Jane Street and Citadel. They break down what an "edge" actually means (and why most people who think they have one don't), why the bid-ask spread is quietly eating traders alive, and how a growing wealth gap plus economic un...

