The NBA is formally stepping into the prediction markets ecosystem. The league announced agreements Monday morning with Kalshi and Polymarket that will allow the companies to use official league data and intellectual property and give the league control over what trades the companies are allowed to offer.

Pretty much. As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers. SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue. That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.

Prizepicks buying of the cards means the sales weren’t natural — they were bought for promotional purposes. But at least there is a buyer. It would have been suspect to never have a disclosure. But yes, whoevers wins these is selling them right away. So it created a fast new comp and it won’t be higher.

🚨 BREAKING : Polymarket CEO Shayne Coplan caught using COMPANY MONEY for Private Jets flights. Peter Thiel caught him red-handed using his investment money as a personal wallet. Founders Fund, Peter Thiel's fund, discovered that Shayne had charged the following as company expenses : - private jet flights - apartment rent - designer clothes They immediately demanded a FULL REFUND Shayne was forced to reimburse the money. ICE and Founders Fund then teamed up to push for stronger financial controls They were the one that forced Shayne to appoint a COO. You remember Shayne's ChatGPT written tweet gleefully announcing the hiring of Collin McKinney Hill as COO ? I called it extremely suspicious at the time. Turns out i was right, investors basically forced Shayne to hire him as a soft coup. I don't know how long Shayne can stay in place when their main investors have lost confidence.

Most people don't realize what just happened. Nvidia just posted what we believe are the most impressive earnings in history, with market-wide implications. This implies $670+ BILLION in revenue next year, up +2,390% from FY2023. What's happening? Let us explain. (a thread)