The dirty truth about prediction markets
Prediction markets are booming. The dirty secret though: Almost all revenue comes from sports betting.
Sam Learner for the Financial Times looked into the betting phenomenon and created some great visuals as well (see here).
“Imagine a 30-minute interview with the CEO of OnlyFans where adult content is never mentioned. Given that it’s the focus of roughly 80 per cent of their video creators and is the main appeal of the site for its customers, you’d expect it to come up at least once.
It should seem equally strange, then, for Tarek Mansour, the CEO of the prediction market Kalshi, to give a wide-ranging interview and never talk about the thing driving more than 90 per cent of the activity on his site: sports betting.”
Crypto stocks surge on BTCs 2026 win streak
We are now 5 days into 2026, and every single one of those days has seen BTC in the green – up about 6%. That’s the longest win streak since October. Obviously, all eyes are on Venezuela for where the market may go next. But with crypto-assets performing well, crypto stocks are surging as well this morning:
The $60 Billion Question: Is Venezuela Secretly a Bitcoin Superpower?
For years, Maduro and his inner circle systematically looted Venezuela—billions in oil revenue, gold reserves, and state assets—and, according to sources with direct knowledge of the operation, converted much of it into cryptocurrency.
The man who allegedly orchestrated that conversion, who built the shadow financial architecture that kept the regime alive under crushing sanctions, is not on that ship.
His name is Alex Saab. Read more →
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