Opinion

DAVID MARCUS: Brave new world of prediction markets can make us all inside traders

From soldiers betting on military action to White House teleprompter operators profiting from Trump's speeches

By David Marcus Fox News

Published July 25, 2026 10:26am EDT

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Senate adopts measure banning its members from betting in prediction markets

Fox News chief congressional correspondent Chad Pergram reports on the U.S. Senate adopting a measure banning its members and aides from participating in prediction markets on 'Special Report.'

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When I was born in the 1970s, legal gambling was basically limited to Las Vegas, Atlantic City and horse racing. Then came Indian casinos, and finally, the floodgates opened with online gambling. Nowadays, with the advent of prediction markets, we can lay down a marker on almost any event on Earth.

One serious upshot of the rise of companies like Kalshi and Polymarket, which would be happy to set up a market to see if Lindy’s sells more cheesecake or strudel today, is that far, far more people have the feedbox noise than ever before. To paraphrase Andy Warhol, in the future, everyone will have inside information on a prediction market for 15 minutes.

Take a market like "Who will win the reality TV show "Big Brother?" Dozens, maybe even hundreds of people know this answer, thousands probably have inside info, and while, if they say........

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