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🗳️ “Vote or Bet?” — Robinhood’s election betting. Cosm’s live football theater. McFlurry’s government fix.
Oct 29, 2024
Explore the surprising world of election betting with Robinhood, and find out if it's a better predictor than traditional polls. Discover how Cosm is transforming live sports viewing by raising $250M for IMAX theater experiences. Dive into the humorous yet serious issue of McDonald’s malfunctioning McFlurry machines and the government's plans to fix them. Plus, learn about the incredible 250-year journey of Birkenstock from a cobbler's shop to a global footwear sensation!
22:56
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Quick takeaways
- Robinhood's new betting feature on election outcomes raises questions about its accuracy compared to traditional polling methods in predicting voter sentiment.
- Cosm's innovative immersive theaters provide a lucrative alternative for live sports viewing, addressing fan demand amid rising ticket prices while offering a shared experience.
Deep dives
Robinhood Introduces Election Betting
Robinhood has expanded its platform to include betting on the presidential election, allowing users to wager on candidates like Donald Trump and Kamala Harris. This move raises questions about the accuracy of betting markets compared to traditional polling methods. Interestingly, while betting markets have shown an increase in favor of Trump, traditional polls remain virtually unchanged, suggesting a divergence in voter sentiment. Furthermore, a significant bet of $28 million by an individual swayed prediction markets towards Trump, illustrating how large financial stakes can impact perceived probabilities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode