Subscribe:AppleSpotifyAmazonRSSMay 15, 2026Today: why you can’t use Kalshi and Polymarket to place bets on which horse will win the Preakness Stakes.

DownloadAlex Slitz/Getty ImagesSubscribe:AppleSpotifyAmazonRSSSegments From This EpisodeHorse racing has fended off prediction market betting — here's howby Caitlin TanMichael Reaves/Getty ImagesWhile betting on horse racing has dipped by more than 50% over the last couple of decades, prediction markets haven’t made inroads in the sport.

DownloadDefense lobbying surges amid growing geopolitical tensionsby Nancy Marshall-Genzer and Erika SoderstromHeather Diehl/Getty ImagesLobbying activity in the sector jumped sharply in the first quarter of the year.

DownloadThe TeamNancy Marshall-Genzer HostMeredith Garretson Morbey Supervising Senior ProducerAlex Schroeder Senior ProducerAriana Rosas ProducerErika Soderstrom Associate ProducerTamar Faggen Assistant ProducerAshley Rodriguez Assistant ProducerEmma Condon Assistant ProducerDylan Miettinen Digital ProducerBrian Allison Audio EngineerTessa Bloch Audio EngineerDavid Schreck Audio Engineer