Why Investors Are Placing Bets on Wildfires, Wars, and Elections

Betting on the outcome of future events soared during the 2024 presidential election, when prediction markets correctly forecasted Donald Trump’s victory. Now these platforms are offering buzzy, ripped-from-the-headlines contracts to keep investors enticed. Wall Street Journal reporter Alexander Osipovich joins host Ariana Aspuru to discuss how prediction markets work and why they’re testing the boundaries of what they can get away with.  Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices