Kyle Samani

For the first time in 100 years, the technology and the regulatory frameworks have come into alignment.

And that's created an opportunity for innovation and ultimately for rebirth of our capital market structure.

This combination is creating the substrate on top of which we can finally build internet capital markets.

At the highest level, internet capital markets should just be thought of as one global market.

A market in which anyone, anywhere, with just a phone and an internet connection can trade any asset from any software modality.

It's actually a beautifully simple concept.

Blockchains are going to be the infrastructure that powers all of the issuance access trading of those assets.

With internet capital markets, finance becomes an internet native primitive for the first time ever.

All right, with all this context, let's now look at some pretty fun examples on how we think internet capital markets are gonna come to life.

Reading the journal and think the Fed's gonna cut interest rates?

Well, with internet capital markets, you're gonna be able to bet on the interest rates on using something like Kalashie without ever even leaving the journal.

As this kind of a behavior proliferates, we expect that the nature of media itself is gonna change because a lot of media is now gonna be derived from the prediction markets.

The kind of analogy to understand would be, if you look at most financial media today, it's de facto about a stock price or an interest rate.

We think that prediction markets are gonna just change how media works for all kinds of subject matter.

Is the next pass gonna be completed?

Is Curry gonna drain a three?

Is Bryson gonna drive the green on hole 16?

Internet capital markets are coming to the TV too.

Twitter actually attempted the second screen experience about 10 years ago by embedding a social feed right next to the main video content.

But it turns out that was kind of the wrong instantiation of the second screen experience.