Neal Freiman
๐ค SpeakerAppearances Over Time
Podcast Appearances
So that was one of the proposals that we actually hadn't heard for the first time.
And it raised hackles again for possible insider trading, because one of the things you could bet on, not all of these things that he's had that he was going to say you could bet on, but you could also bet on the length of his speech.
And certainly a lot of people inside his circle knew how long the speech would be and also what he would say.
So Chris Murphy, who's a senator from Connecticut, said, I can't believe
We haven't regulated or cracked down on Kaoshi, Polymarket, these prediction markets.
Anytime it seems there's this big event in the world, whether it's the Super Bowl or the State of the Union, prediction markets play a big role.
And there seems to be a lot of outrage about possible insider trading or how can we possibly be betting on these things that Trump is going to say, the word autism.
Nothing seems to happen yet, but it seems like there's a bit of a groundswell growing against these prediction markets for these big events.
I was going to stop you early, but it was your birthday yesterday, so I'll let you run.
It's true.
You can't vibe code a quarter pounder in real life.
Stocks are so in right now.
And I want to run through some of these numbers.
The S&P 500 software sub index software sub index is down to its lowest level since Liberation Day back in April.
It's lost one percent.
point two trillion dollars in market cap in less than a month.
Meanwhile, let's talk about real economy stocks.
The S&P 500 utilities sub index is up nine percent.
Energy stocks are up twenty three percent.
The mining index is up over 100 percent since last year.