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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. More on prediction markets: Polymarket CEO Known for Yelling at His Employees, Attending Meetings Shirtless

4 days, 7 hours ago: Futurism