Why You Can Bet On Jesus' Second Coming But Not Sports

Описание: How can you legally bet on Jesus Christ's second coming but face crackdowns for sports betting? This video explains how prediction markets like Polymarket and Kalshi actually work, why they exploded after correctly calling the 2024 US election, and the legal loophole that lets them operate across most of the United States.

We break down the bizarre business model behind platforms processing over $100 billion in trades—including why charging almost zero fees might actually make sense when your real product is selling probability data to hedge funds and banks. We also explore the uncomfortable insider trading paradox: why someone could allegedly profit from advance knowledge of a classified military operation, while a Super Bowl streaker betting on himself gets nothing.

From Zelenskyy's suit controversy to wash trading schemes tied to crypto airdrops, we examine whether these markets are genuine financial innovation or just gambling with better marketing—and why regulators are struggling to keep up.

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📊 WHAT WE COVER

Why betting against Jesus returning to Earth outperformed US Treasury bills in April 2025
The $240 million Zelenskyy suit controversy — and how 98% of crypto whales decided sneakers disqualify an outfit from suit status
How Kalshi went from startup to $11 billion valuation processing $100 billion annually — while charging almost nothing in fees
The real business model: why Goldman Sachs reportedly pays for Polymarket data to model geopolitical risk
The insider trading paradox — why prediction markets may actually benefit when insiders make bets
"Price discovery" — the two-word legal argument that let these platforms escape gambling regulation entirely
Why 91% of Kalshi's $5.8 billion monthly volume now comes from sports — the one thing they claimed they weren't
The Columbia study that found Polymarket's predictions were right only 67% of the time — worse than smaller competitors
Wash trading schemes: why 25% of Polymarket's volume may be people trading against themselves for crypto airdrops
The states that are now issuing cease-and-desist orders — and why regulators are struggling to keep up

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💬 Are prediction markets genuine financial innovation or gambling with better marketing? Let us know in the comments.

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🎬 ABOUT THE CAPITAL DESK

We are corporate lawyers with experience in London, Singapore and the US. We learn about business stories and share the cool stuff we find. Every video is researched, written and produced by us.

The news tells you what happened. We explain the structures behind the stories. Welcome to The Capital Desk.

None of The Capital Desk's content is legal or investment advice.

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