Pivot

Snapshot · Pivot

Meta’s Prediction Market App, Europe vs. Big Tech, and Hollywood’s Comeback

Explore episode Jun 26, 2026

Where this was said

Audience Q&A: Prediction Markets & the Coming Election

At 46:23 · chapter starts 45:00

Kim McKenzie of Ladies to Strategize opens the Q&A by asking whether prediction markets will function as legitimate polling data. Kara is sceptical: she views them as one more signal among many, easily gamed by billionaires with deep pockets and an interest in shaping sentiment. She specifically cites Elon Musk as a potential manipulator heading into the midterms. Scott is more bullish — he uses Kalshi constantly and argues it has a perfect track record on Fed decisions. He draws a distinction between pundit opinion and where people actually put money, arguing the latter is a far more honest signal. Both agree that prediction markets need to self-regulate quickly or state-level regulators will come for them, and the World Cup is about to expose just how large the numbers have grown.

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