The Journal.

Prediction markets like Polymarket and Kalshi are booming, but they’re facing questions about users betting on information that is not publicly available, from Super Bowl performances to geopolitical crises. Advocates for the platforms say they are "truth machines" but critics say they’re a new vehicle for insider trading. WSJ’s Caitlin Ostroff explains how users are making fortunes, and why regulators are starting to take notice. Ryan Knutson hosts.

Further Listening:

- How ‘The Joker’ Rigged the Texas Lottery

- How Parlays Became the Biggest Bet in SportsSign up for WSJ’s free What’s News newsletter.

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Boy Throb is a new boy band going viral on social media, but member Darshan Magdum is stuck in India. To get him to the U.S., the band needs to convince the United States government that Darshan qualifies for an "extraordinary ability" visa, the type of thing that’s often reserved for Olympians and scientists. WSJ’s Michelle Hackman explains the visa process and Boy Throb tells Jessica Mendoza about their unconventional quest to get their fourth member stateside.

Further Listening:

- Are Waymos Driving More Like Humans?

- Lady Gaga, Low-Rise Jeans, and the Next Recession

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The Justice Department recently released millions of additional documents related to Jeffrey Epstein. These files detailed Epstein’s expansive social and business network and reveal how the disgraced financier maintained ties with the global elite. WSJ’s Khadeeja Safdar discusses the new revelations, the fallout for those named in the documents, and the impact of unredacted victim information. Jessica Mendoza hosts.

Further Listening: - Trump’s Letter to Jeffrey Epstein- How Jeffrey Epstein Made His MoneySign up for WSJ’s free What’s News newsletter.

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An influential California labor union is gathering signatures for a proposed asset tax on billionaires. But some of California’s ultra-wealthy are threatening to pack their bags — leaving the state’s tax revenue in the balance. WSJ’s Laura J. Nelson explains what’s potentially at stake and why a billionaire exodus is harder than simply renting a truck. Jessica Mendoza hosts.  

Further Listening:

- The Healthcare Costs of Trump’s Big Beautiful Bill 

- Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong

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President Xi Jinping has solidified control over China's military after firing his top general Zhang Youxia in an unprecedented military purge that has sent shockwaves through the country. The allegations against Zhang include corruption and a nuclear secrets leak. WSJ’s Lingling Wei explains how this move potentially gives Xi more room to pursue his long-standing goal of reunifying with Taiwan. Jessica Mendoza hosts.

Further Listening:

- China's Cheap Goods Are Europe's Problem Now

- China and the U.S. Are in a Race for AI Supremacy

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