Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Sagar Enjeti

๐Ÿ‘ค Speaker
5687 total appearances

Appearances Over Time

Podcast Appearances

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

Right.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

How many free throws?

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

You know, what the halftime, you know, whatever is going to look like.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

Who gets X amount of playing time?

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

Massive insider trading risk.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

But more importantly for this whole discussion, it's gambling.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

And why have we always separated legally and even rhetorically gambling from commodities markets?

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

Now, often they're

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

you know, resemble each other.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

But what is the difference?

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

Gambling is not about social utility, which we allow.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

We allow this legalized form of commodities future trading because it's important to us as a society to be able to function.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

There is no, what societal good comes from trading on these damn markets?

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

Nothing.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

Literally nothing.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

And look, this belies even the basic statistics.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

If you are gambling on these platforms, which is what they are, you're gonna lose.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

Like the vast majority of the winner, the vast majority of the profits go to an extremely select small group of traders.

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

I was reading recently, in fact, one of my friends even told me like Susquehanna, one of those like very sophisticated trading desks, they have a sports desk now

Breaking Points with Krystal and Saagar
5/26/26: Trump Goes To War For Prediction Markets, Hasan Piker Subpoenaed By Feds Over Cuba Trip

specifically as sharp bettors to go in and to find like inefficiencies in various different lines to hammer them and to basically take your money.