| Welcome to the Saturday edition of Businessweek Daily, featuring the Everybody's Business podcast. Let us know what you think by emailing the editor. If this email was forwarded to you, click here to sign up. Prediction markets have never been more successful—or controversial. The two main players, Kalshi and Polymarket, are cutting deals with financial-services companies and media outlets, raising enormous sums of money from venture capitalists, and facilitating betting in such high volumes that they've forced traditional sportsbooks to respond with competing products. Kalshi and Polymarket have also attracted lawsuits from states that allege they're effectively operating unlicensed casinos, a claim both companies deny. Opponents have criticized them for couching their products in the language of financial empowerment while turning everything into a gambling opportunity, a fraught combination that can create incentives for widespread manipulation. On this week's episode of Everybody's Business, hosts Stacey Vanek Smith and Max Chafkin team up with Jacob Goldstein and Robert Smith of Pushkin Industries' Business History podcast as part of a live mashup at On Air Fest in Brooklyn, New York. Goldstein and Smith explain why the controversies and questions raised by prediction markets (explored in the latest Bloomberg Businessweek cover story) are nothing new. Listen and subscribe on Apple, Spotify, iHeart and the Bloomberg Terminal. | 
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