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Tracey Mumford

👤 Speaker
1053 total appearances

Appearances Over Time

Podcast Appearances

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

Original theme by Dan Powell.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

Special thanks to Isabella Anderson, Larissa Anderson, Miles McKinley, Liz Davis-Moore, Zoe Murphy, and Paula Schumann.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

Now, time for the quiz.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

Every week, we ask you a few questions about stories the Times has been covering.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

Can you get them all?

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

First up.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

This week, there's been a lot of increased scrutiny on Polymarket, one of the world's largest prediction markets.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

On the site, you can bet on all kinds of things you wouldn't typically think you could bet on, like how many times will Elon Musk tweet today?

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

Or who will be the next president of Vietnam?

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

All of the controversy now is because there was a surge in big anonymous bets from people wagering that a major world event was just about to happen.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

And they were right.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

What was it?

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

The answer?

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

Over 150 accounts placed bets last Friday correctly predicting an American strike on Iran Saturday.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

The 11th hour betting totaled almost a million dollars, with one econ professor who studies prediction markets saying it, quote, makes you think it was someone who knew something about the timing.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

It's just the latest instance of people raising concerns about insider trading on prediction markets, which have become a multi-billion dollar industry.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

Okay, next question.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

The Times has been covering how a device that was huge in the early 2000s has been finding new fans, even though it's been discontinued for years.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

If you are of a certain age, that sound might really take you back.

The Headlines
Kristi Noem’s Firing, and the Boom of American Billionaires

We'll play it again here.