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Prediction Markets Want to Financialize Everything—With Jathan Sadowski 

Polymarket and Kalshi are everywhere. But what are they doing to society? 

Paris Marx

May 21, 2026

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Prediction Markets Want to Financialize Everything w/ Jathan Sadowski / Tech Won’t Save Us
byThe Nation Magazine

Polymarket and Kalshi are everywhere. But what are they doing to society? Jathan Sadowski joins Paris Marx to discuss the rise of prediction markets and their negative social effects as they push the global economy closer toward the financialization of everything.

Jathan Sadowski is an Associate Professor at Monash University. He is the author of The Mechanic and the Luddite and co-hosts This Machine Kills.

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Polymarket and Kalshi are everywhere. But what are they doing to society? Jathan Sadowski joins Paris Marx to discuss the rise of prediction markets and their negative social effects as they push the global economy closer toward the financialization of everything.

Jathan Sadowski is an associate professor at Monash University. He is the author of The Mechanic and the Luddite and cohosts This Machine Kills.

Subscribe to The Nationto support all of our podcasts: thenation.com/subscribe.

The Nation Podcasts

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.

Government Is Putting AI Before People and the Planet w/ Matt Haugen / Tech Won’t Save Us
byThe Nation Magazine

Governments are prioritizing data centers and AI at the expense of communities and the planet, but it doesn’t have to be this way. Matt Haugen joins Paris Marx to discuss the AI First report, which examines how national strategies are dismantling environmental protections and enacting market policies that allow a handful of megacorporations to abscond with billions of dollars, and what an alternative policy agenda focused on people and the planet could achieve instead.

Matt Haugen is Research and Editorial Manager at the Climate and Community Institute.

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Paris MarxParis Marx is the author of Hyperscale: The Ambition and Excess of Big Tech's Data Empires. He hosts the Tech Won’t Save Us podcast and writes the Disconnect newsletter.


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