Anthony Pompliano
π€ SpeakerAppearances Over Time
Podcast Appearances
Well, they've just, I think, I don't know what PolyMarket and Calcichar, something in the order of 2% to 7% fee, they went to, I think, 50 basis points.
So they're going to do the China model, right?
Oh, that's a great product you have there.
How about I charge you almost zero for it and see what happens?
And so this is going to be an interesting landscape, especially in the prediction markets, which I think are the other amazing thing about crypto.
I'll say it here.
I think insider trading should be legalized in every asset class.
We want insider trading.
We want the government official to go on PolyMarket and buy the ceasefire one minute before they announce it on television.
Or Kamini's going to die because they're about to press the button and dead his ass with the missile.
We want that because that is the market telling us what these guys and gals are doing in real time versus us having to wait for the New York Times to spit us some propaganda nonsense about what they did five hours before.
So this is why I love Polymarket and Kalshi and what they're bringing to the markets.
And I love insider trading.
I think so.
At the end of the day, what's the market?
The market is supposed to take all available information and coalesce it into a price.
And if we're saying that some information is okay to share at some point in time and other points of time, what's the point of the market?
And yes, I know there's some ethical questions about government officials trading on this information, but me as a human and as a trading professional, I want that information.
And so we can deal with the ethics afterwards in terms of how you deal with government officials doing this.
But in most countries, they already do it.