A record-breaking $3.3 billion was expected to be bet on NCAA basketball during March Madness, but the wagering doesn’t end with sports. Some people are betting on everything from when Taylor Swift will be married to whether the U.S. pilot recently shot down in Iran would be rescued on so-called “prediction markets.” In the Loop learns more about these markets and why the Trump administration is suing Illinois over regulating them with Loyola University director of Sport Management Noah Henderson, DePaul University Law School assistant professor Karl Lockhart and State Senator Michael Hastings, Democrat representing the 19th District.

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