From More Perfect Union.

Prediction markets are scamming the working class.

Polymarket and Kalshi claim they are "democratizing finance," but their business model enables a handful of elites to fleece their customers.

On Polymarket just 0.04% of traders capture 70% of the profits.

Producer, Trevor Hayes
Editor, Joey Yee
Animation, Joey Yee
Videographers, Justin Feltman, Jack Belisle, Cristian Peña
Sound, Paul Schmitz
Video Production Manager, Isabel Atalaya
Video Production Coordinator, Jodi Clemens
VIdeo Production Fellow, Astrid Dong
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More Perfect Union is an Emmy-winning, nonprofit newsroom whose mission is to build power for working people. Here’s what that means: We report on the real struggles and challenges of the working class from a working-class perspective. We attempt to connect those problems to potential solutions. We report on the abuses and wrongdoing of corporate power. And we seek to hold accountable the ultra-rich who have too much power over America’s political and economic systems.

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