Professional Gamblers Move Into Prediction Markets to Bleed You Dry
Joe Wilkins
created: Feb. 7, 2026, 7:15 p.m. | updated: Feb. 12, 2026, 2:39 a.m.
Following the federal government’s wide-armed embrace of the tech, professional gamblers are flooding into prediction markets like Kalshi and Polymarket.
“It really feels like everything’s prediction markets, prediction markets, prediction markets,” Rufus Peabody, a professional gambler with 15 years of experience told Bloomberg.
And for these gamblers, prediction markets represent a whole new ecosystem of marks, like you, who have far less information and expertise to devote to making well-informed bets than they do.
This fundamental change in structure makes prediction markets a goldmine for intelligent, well-resourced sharps.
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