Can the U.S. Rein in Prediction Markets? + Joanna Stern on Her Year of A.I. Experiments + Our Producer Goes to Attention School

Summary of Can the U.S. Rein in Prediction Markets? + Joanna Stern on Her Year of A.I. Experiments + Our Producer Goes to Attention School

by The New York Times

1h 12mMay 8, 2026

Overview of Hard Fork: Prediction Markets, AI Life Experiments, and Attention School

This episode of Hard Fork covers three connected themes shaping the tech moment: the rapid rise—and growing scrutiny—of prediction markets; Joanna Stern’s yearlong experiment using AI across nearly every part of her life; and Rachel Cohn’s visit to a Brooklyn “attention school” designed to help people reclaim focus in an attention-fractured world. Across all three segments, the hosts return to the same questions: how new technologies change behavior, who they benefit, and what kinds of guardrails are needed.

Prediction Markets: Boom, Buzz, and Regulatory Backlash

The hosts open with a look at the explosive growth of prediction markets like Kalshi and Polymarket, noting that they are suddenly everywhere in the public conversation and even in New York City advertising.

Main concerns raised

  • Insider trading is becoming a visible problem
    • A U.S. Army sergeant allegedly profited from betting on Venezuelan President Nicolás Maduro’s political fate.
    • A French temperature-betting scandal involving Charles de Gaulle airport was initially framed as a tampering story with a hairdryer, but the photo circulating online was actually AI-generated misinformation.
  • Market integrity is at risk
    • The hosts argue that if people believe prediction markets are manipulated by insiders, ordinary users will stop participating.
    • They compare this to why stock markets have insider-trading laws: fairness and trust are necessary for liquidity and credibility.

Regulation debate

  • The CFTC currently oversees many of these markets but is seen as too small and under-resourced for the job.
  • States have tried to intervene, but the CFTC has pushed back, claiming exclusive authority.
  • The U.S. Senate unanimously passed a rule barring senators from betting on prediction markets.
  • Senators Kirsten Gillibrand and Dave McCormick introduced a bill to ban members of the legislative and executive branches from trading on these platforms.
  • Other countries are moving faster:
    • Brazil blocked 27 sites, including Kalshi and Polymarket.
    • France and Hungary have also banned them.

Takeaway

The hosts see prediction markets as being in a Wild West phase: potentially useful for forecasting and information discovery, but currently too easy to exploit. Their view is that serious regulation is inevitable if the markets are going to survive as more than a casino for insiders.

Joanna Stern’s Year of AI Experiments

The episode’s second segment features journalist Joanna Stern, whose new book, I Am Not a Robot, documents a year spent using AI to augment nearly every part of her life.

What she tested

  • AI as a doctor, dentist, assistant, meal planner, editor, and even relationship companion
  • AI for practical tasks like:
    • writing
    • research
    • email and scheduling
    • bedtime stories for her children
    • navigating life decisions
  • She also experimented with AI wearables and devices like Meta glasses and the Bee bracelet.

Biggest findings

  • AI agents are improving fast
    • Stern said she had to cut herself off from writing about AI because the autonomy of agents kept improving so quickly during the year.
  • Wearables may become the more important AI form factor
    • She was surprised by how far AI glasses and ambient assistant devices had come.
  • Humanoid robots remain mostly hype
    • Her conclusion: they are great for publicity and YouTube demos, but not yet useful in everyday life.

A major cautionary tale: AI in dentistry

  • Stern described being shown an AI-enhanced dental scan that suggested extensive treatment and a costly multi-session periodontal procedure.
  • After getting second and third opinions, she found that the treatment was unnecessary.
  • Her reporting suggested some dental offices and dental service organizations are using AI to upsell procedures, not just improve care.

Personal and parental insights

  • Stern used AI for personal life decisions, including whether to leave her Wall Street Journal job.
  • ChatGPT ultimately told her to quit—and she did.
  • As a parent, she thinks kids should be introduced to AI early, but with skepticism:
    • She shared a story where ChatGPT incorrectly told her son that a dying praying mantis was pregnant, illustrating why kids need to learn AI can be wrong.

Takeaway

Stern’s year with AI is both optimistic and skeptical: the tools can be useful and even genuinely transformative, but they are also prone to error, hype, and misuse—especially when embedded into systems like healthcare.

Attention School: Relearning How to Focus

The final segment follows producer Rachel Cohn to the Struther School of Radical Attention in Brooklyn, a program designed to help people study, practice, and protect attention in an era of constant distraction.

What the school is trying to do

  • The school is not simply a “phone detox” or productivity boot camp.
  • It sees attention as:
    • a practice
    • a communal experience
    • a political and cultural issue
  • Its founders frame the attention economy as something that commodifies human experience and erodes shared reality.

What Rachel did there

Attention labs

  • Participants paired up for structured listening and speaking exercises.
  • They also practiced “attention and place,” going into the neighborhood to observe and then return with detailed reflections.
  • The point was not just focus, but curiosity, generosity, and shared perception.

Sidewalk studies

  • Rachel joined a session in Fort Greene Park focused on taste and embodied experience.
  • Participants were asked to experience their surroundings as if their bodies were a “temple” or an “amusement park ride.”
  • The exercise felt part meditation, part group therapy, part sensory reset.

Seminar on radical imagination

  • This was the most theatrical part of the experience.
  • Participants were asked to identify a quality they wanted to expand—like whimsy or confidence—and create a character based on it.
  • Rachel’s character was Princess Lollipop, inspired by her childhood self.
  • The exercise helped her realize she had been approaching the school too rigidly and needed to be more playful.

Larger themes

  • The school draws parallels to environmental activism, using phrases like “the fracking of our eyeballs” to describe big tech’s effect on attention.
  • It sees gathering in person, studying together, and building community as forms of resistance.
  • The hosts compare it to earlier countercultural responses to industrialization and the internet.

Takeaway

Rachel didn’t claim a dramatic transformation, but she found the school meaningful as a space for people who feel uneasy about technology and want to rethink what it means to be present, human, and connected.

Key Themes Across the Episode

Technology needs rules

Both the prediction market and AI segments show the same pattern: new tools become popular faster than institutions can regulate them.

Hype often outruns reality

  • Prediction markets promise collective wisdom but are already showing signs of manipulation.
  • AI promises radical transformation, but some of its most marketed applications—like humanoid robots—still feel futuristic rather than useful.

Attention is becoming a political issue

The attention school segment suggests that distraction is no longer just a personal productivity problem; it is a structural and cultural one.

Notable Takeaways

  • Prediction markets may need SEC-like oversight, not the lighter-touch CFTC model.
  • AI is already useful in many everyday tasks, but it can also amplify bad incentives, especially in industries like healthcare.
  • Rebuilding attention may require community, not just self-discipline.
  • Across all three segments, the episode argues for a more skeptical, regulated, and human-centered approach to emerging technology.