
As new bettors flock to platforms such as Kalshi and Polymarket, some make easy prey for trading firms and professional gamblers. John Reed explains what prediction markets are — and why their rapid rise is raising concerns. ft.trib.al/1nXTo8I
John Reed
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@JohnReedwrites
Explainers editor @FT. Opinions expressed here are not the pink paper’s. https://t.co/Z4govwQy7d

As new bettors flock to platforms such as Kalshi and Polymarket, some make easy prey for trading firms and professional gamblers. John Reed explains what prediction markets are — and why their rapid rise is raising concerns. ft.trib.al/1nXTo8I







Trump sons take stake in Kazakh miner that won $1.6bn US contract ft.trib.al/4FSojz6






Scoop: Julie Davis, the acting US Ambassador in Kyiv, is leaving the State Department having grown frustrated with Trump's dwindling support for Ukraine. Davis's resignation follows that of her predecessor, Bridget Brink, who resigned for similar reasons early last year. W/@christopherjm as.ft.com/r/1781e555-fad…
