Katherine Long

Reporter at the @WSJ, via @businessinsider @seattletimes. [email protected]
Send me tips on Signal from a non-work device: longka.38

[Katherine Long @ByKLong]

@BenFoldy For CLOUT ben, for clout

[Matthew Luxmoore @mjluxmoore]

"The Defector" - a 5,500-word espionage tale in today's WSJ that I can guarantee is worth your time.

I spent months speaking to one of the deadliest saboteurs in recent military history, a Russian officer who helped Kyiv kill hundreds of his fellow troops https://t.co/Ae8hskq22i

[Katherine Long @ByKLong]

W/ valuable contributions from @rajivatbarnard @andreguettler @Solidus_Labs

[Katherine Long @ByKLong]

New with @ceostroff: Nearly all recent trading volume on FIFA’s official prediction market partner has been made by a small network of accounts funded by the same wallet that collects the platform’s trading fees.

Similar patterns also accounted for most of the trading during the World Cup.
https://t.co/CmxtCsWyun

[Katherine Long @ByKLong]

@MickBransfield Pretty sure it was limited to academics? And betting was capped? Am I misremembering

[Dan Bernstein @dan_bernstein_]

Sportsbook-backed Super PACs cosplaying as grassroots liberal and conservative organizations are emerging from hibernation.

https://t.co/RXMI9YLVT6

[Katherine Long @ByKLong]

When we wrote about a $5 billion flurry of same-size trades in Kalshi's perps market, the company said sophisticated traders were sniping stale quotes. A new analysis from @G_Insider raises questions about that explanation.

[Gambling Insider @G_Insider]

EXCLUSIVE: Gambling Insider's @gary_mcfarlane finds $9.8B in unusual #Kalshi ether trades, challenging the exchange's explanation for the activity.

@rajivatbarnard tells us he's "starting to have doubts" about his "tolerated sniping explanation."

https://t.co/LrCnat5gmd

[Gambling Insider @G_Insider]

EXCLUSIVE: Gambling Insider's @gary_mcfarlane finds $9.8B in unusual #Kalshi ether trades, challenging the exchange's explanation for the activity.

@rajivatbarnard tells us he's "starting to have doubts" about his "tolerated sniping explanation."

https://t.co/LrCnat5gmd

[Erin Banco @ErinBanco]

NEW: The order to limit a satellite system used by Ukraine for battlefield communications and drone operations came from inside the White House, according to two US officials and a Western official briefed on the matter.

[Teddy Schleifer @teddyschleifer]

amazing piece

https://t.co/KP5wwwjlgo

[Meridith McGraw @meridithmcgraw]

While Hines was leading the White House’s push to pass the Genius Act, Tether—the company with the most at stake in the legislation—was steering millions of dollars to a business he co-owned https://t.co/gnvvioyccL

[Avi Asher-Schapiro @AASchapiro]

Why did Tether—the world's biggest stablecoin—pay millions to a seemingly random marketing firm called Nxum—best known for a weed-themed NFT collection "Kush Kriminals?"

It turns out Trump's former crypto advisor, Bo Hines, owned 1/3 of the company https://t.co/R2byCjr02W

[Ben Foldy @BenFoldy]

“Everyone has agreed that you are never to be f—ed,” is exactly what I’d expect the guy who was never going to f— me to say.

[Caitlin Ostroff @ceostroff]

Money from stablecoin company Tether flowed to Bo Hines's consulting firm while he worked in the White House on landmark stablecoin legislation. Once the law passed, Tether hired him as its U.S. chief.

Amazing scoop by @skesslr
https://t.co/9ih7GbkSiM

[Philip Melanchthon Wegmann @PhilipWegmann]

Exclusive: While planning a wedding and preparing for a move to China, @PressSec Katie Zacharia sat for the California bar exam but did not pass, a person with direct knowledge of the matter told the @WSJ.
https://t.co/kiRAKFOzfM

[Neil Mehta @byneilmehta]

JAW-DROPPING story by @skesslr ⬇️

[Sam Kessler @skesslr]

SCOOP: While Bo Hines was leading the White House’s push to pass the Genius Act, Tether—the company with the most at stake in the bill—was steering millions of dollars to a company he co-owned.

Right after the bill passed, Tether hired him as its U.S. chief.

[Gift link] https://t.co/OWEI7gGX2Q

[Katie Notopoulos @katienotopoulos]

My intial instinct was to clown men for this, then I noticed more women thought they knew the fake names than Mira Murati, so I think I’m calling a truce in the gender war for the moment and we should all feel embarsssed

[Caitlin Ostroff @ceostroff]

SCOOP: A @WSJ analysis found some FL residents received NYC’s abatement for years despite being ineligible.

A spox for Steve Witkoff said that after being contacted by @WSJ, he paid the city nearly $78,000 for the years he wasn’t eligible.

https://t.co/sTUcQV7lHa

[Sam Schwartz @samschwartz71]

For the majority of prediction market users, the number one reason prediction markets are a more favorable product than traditional sportsbooks is the potential to level the playing field through better prices.

We collected 2,859 data points (real-time price reads) on the most popular college football and NFL games of the weekend, tracking moneyline and spread markets in the final 90 minutes leading up to kickoff.

The lowest-fee platforms, @Novig and @ProphetX, offer significantly better pricing than traditional sportsbooks. However, they currently make up only ~4% of prediction market trading volume, while @Kalshi and @Polymarket (US + DeFi) make up ~87%, and those two offer only marginally better pricing than @DraftKings Sportsbook and @FanDuel Sportsbook.