Anthony Pompliano

What do you think is happening here?

And why is this catching everyone's attention?

one of the things that i find interesting is uh ice made a two billion dollar investment in polymarket and obviously everyone's paying attention to prediction markets and how uh that's now kind of you know infiltrating into wall street um but i went back and i looked at those announcements the interviews they did around there um they were talking about this is part of their bet into tokenization this is their bet into decentralized finance

One of my takeaways is that it seems like Coinbase and Robinhood are both trying to be the everything exchange.

I think Coinbase is the language they use.

They want to provide equities, crypto, prediction markets, futures, everything on one platform that you can go buy, sell, hold, etc.,

We have not heard that from the traditional players.

But if you look at what they're doing, not what they're saying, it kind of feels like they're trying to get there as well, is now they're talking about having a traditional exchange where you can go and buy traditional stocks and kind of participate in the legacy system, but also have this platform where you'll have prediction markets, you'll have tokenized assets, you can fund it with stable coins.

So do they all just meet in the middle and we basically have these venues that have every asset imaginable that's trading through them and that's kind of the end state, whether they're coming from the crypto world or they're coming from the traditional world?

When we were gonna sit down and talk, I was very excited because you run a company that does a lot of systematic trading.

And so you're very familiar with algorithms and automation and all this stuff.

One thing that I've been thinking a lot about is this like agentic finance.

And when I think about agentic finance, I look at, you know, take Amazon, who's not in the finance industry necessarily.

They have about 1.5 million humans that work at that company.

And they have about 750,000 robots of some form factor.

And so you can think about that as two thirds humans, one third robotics.

My guess is over time that that will flip and eventually they'll have more robots than they will have humans.

If you go in the finance industry and you look at JP Morgan, they have about 300,000 employees.

I have no clue how many AI agents or kind of algorithms are running, but my guess is it's not 300,000.

But you could easily see a world where that will flip as well on the software side.