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Polymarket Messaged Us. Then We Uncovered Their Real Plan.
More Perfect Union

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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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