Prediction Markets Resemble Gambling

 Investors sounded the alarm on Thursday after a major Qatar gas facility took serious damage, and amateur traders are going wild for five-minute bets. 

Mentioned in this podcast:

‘Armageddon scenario’ for gas markets as Qatar hit by missiles

Five-minute bets are the new craze sweeping crypto markets

Stocks and bonds tumble as investors price in ‘protracted energy shock’

CERAWeek conference

Note: The FT does not use generative AI to voice its podcasts 

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. 

Read a transcript of this episode on FT.com

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