Slate Money You’ve Got IPO
56 snips
Jul 11, 2026 
Stacy-Marie Ishmael, Bloomberg reporter with a tech and gaming background, fills in as co-host. They dig into Bending Spoons’ roll-up IPO strategy and whether it behaves like private equity. Conversation moves to booming World Cup prediction markets and who’s trading. They close by tracing Bitcoin’s recent tumble and big losses tied to corporate crypto bets.
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Institutions Dominate Prediction Markets And Beat Retail Traders
- Prediction markets attract sophisticated institutional market makers (e.g., Susquehanna) which creates tight spreads and challenges retail bettors.
- That concentration means many retail traders lose to high-frequency, well-resourced arbitrageurs.
World Cup Bets Mix Patriotism With Institutional Arbitrage
- High World Cup volumes reflect both retail nationalistic bettors and arbitrageurs hedging across platforms.
- Exchanges' KYC differences and VPNs make it hard to know true trader nationalities and regulatory exposure.
Prediction Markets Circumvent State Sports Betting Bans
- State-level bans on sports betting collide with prediction markets that operate in different regulatory spaces, shifting betting activity to less-regulated exchanges.
- Texas bettors can access Calci legally, undermining state prohibitions on sportsbooks.