Prediction markets in the news are a dangerous gamble

Today on Decoder, let’s talk about prediction markets, which continue to insert themselves into the news cycle and the news itself in increasingly weird, unsettling, and potentially illegal ways. 

My guest today is Liz Lopatto, senior reporter at The Verge, who owns what we cheerfully call the chaos beat. Liz has been writing a lot about prediction markets lately and especially why they all seem so intent on being perceived as sources of news — a position that directly incentivizes insider trading.