Saagar Enjeti

It only takes one significant instance where that's no longer the case and you can't rely on it.

Think of the way that that changes people's mentality.

Think of that way that upends the entire global financial system.

Just that one thing is completely catastrophic.

Yeah, there's going to have to be some sort of major incident that causes a massive public backlash to generate the energy for some significant change in our approach.

Let's go ahead and take a quick look at the other thing our economy is built on, which is gambling and crypto.

This is an interesting update from Kalashie.

They say that they have cracked down on political insider trading and they identify three instances of candidates for political office who were trading on their own races.

So in one, you had it in the Minnesota Democratic primary, a candidate in the Democratic primary for Minnesota's second congressional district.

You have one in the Texas Republican primary for Texas's 21st congressional district.

And then you have a candidate for Democratic primary for Virginia's U.S.

Senate election.

Now, we've now identified who this individual is, and he's actually moved from running as a Democrat to running as an independent.

And we'll give you his claim of what he was up to here.

But, you know, I mean, glad to see Kalshi being like, oh, you shouldn't do this and let's crack down.

But it also shows just how insane all of this is.

Before I get to the specifics on the candidates, let me put D7 up on the screen because this is another insane example of,

of the way that you can game these things.

So a hairdryer at a Paris airport broke the polymarket weather markets and made someone $34,000 richer.

So TLDR here is that you can bet on what the temperature, the highest temperature in Paris was going to be.