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Prediction markets are threatening national security. Who's gonna fix it?

NPR· May 12, 2026· 8m 54s

It’s the Wild West of online betting. Prediction markets have been plagued by insider trading allegations, ethical questions and even national security concerns. Today on the show, what are sites like Polymarket doing to self-police, and what other regulations might be necessary? We talk to one U.S. senator with some ideas. The Indicator has a weekly newsletter! Sign up now: npr.org/indicatornewsletter Related: Is anyone gonna do anything about these Iran War trades? Do prediction market bettors

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Prediction markets are threatening national security. Who's gonna fix it?

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  1. Welcome to the program. I'm your host.

    Welcome to the program. I'm your host.

    0:00

  2. Today we look at the major stories shaping the news cycle.

    Today we look at the major stories shaping the news cycle.

    0:04

  3. We start in Europe, where leaders met in Brussels.

    We start in Europe, where leaders met in Brussels.

    0:09

  4. The summit focused on energy policy and migration.

    The summit focused on energy policy and migration.

    0:14

  5. Reporting from the ground, our correspondent has more.

    Reporting from the ground, our correspondent has more.

    0:19

  6. Thank you. The mood here was tense but constructive.

    Thank you. The mood here was tense but constructive.

    0:24