Prediction markets are opening new doors to bet on pretty much anything - even outcomes during war. But things can get pretty heated when money is on the line, and now at least one state is stepping in to accuse a major prediction market of running an illegal gambling operation. WIRED’s Kate Knibbs talks about the “casino-ification” of everything and what this could mean for the future of politics and betting.   

For more: Iran-related bets on prediction sites scrutinized over ‘death markets’ and possible insider trades 

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Guests: Jesus Martinez & Kate Knibbs, WIRED Senior Writer  

Host: David Rind 

Producer: Paola Ortiz 

Showrunner: Felicia Patinkin

Photo: Daniel Heuer/Bloomberg via Getty Images
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Why US Farmers Are Feeling the Pain of the War With Iran

Starting August 2, 2026 all new episodes can be found over in the ⁠CNN 5 Things feed.⁠  Search "CNN 5 Things" wherever you get your podcasts.



You’ve been overwhelmed with headlines all week – what's worth a closer look? One Thing takes you beyond the headlines and helps make sense of what everyone is talking about. Host David Rind talks to experts, reporters on the front lines and the real people impacted by the news about what they've learned – and why it matters.