Matt Laroo

Current Head of Marketplace Ops @DubClub

Former @DKSportsbook OG + MLB Sport Owner

All opinions are my own.

[Matt Laroo @Matty_Laroo]

@blknoiz06 Don't you mean "Mihaottan"?

[Matt Laroo @Matty_Laroo]

Loose cocks sink stocks. Lesson there.

[Matt Laroo @Matty_Laroo]

@zerohedge At this point, it’s better than there being a squirter

[Matt Laroo @Matty_Laroo]

Shorting bitcoin:native here (along with everyone else). Decent supply headwinds both at this price and near-range above per my charts

[Matt Laroo @Matty_Laroo]

I'm old enough to remember when it was the republicans that wanted to ban all the fun things. Sad.

[Ro Khanna @RoKhanna]

Sports prediction markets are sports betting disguised as financial trading. They flout state and tribal gambling laws, siphon state tax revenues, fuel addiction, and expose young Americans to public health risks while evading state consumer safeguards.

Congress must ban them.

[Matt Laroo @Matty_Laroo]

Oh look, my take on how the Dems would approach prediction markets is also coming true....

[Ro Khanna @RoKhanna]

Sports prediction markets are sports betting disguised as financial trading. They flout state and tribal gambling laws, siphon state tax revenues, fuel addiction, and expose young Americans to public health risks while evading state consumer safeguards.

Congress must ban them.

[Matt Laroo @Matty_Laroo]

Homeboy better hope they never reinstate the military draft 😂

[NBA on ESPN @ESPNNBA]

"Jaylen Brown is approaching this with the intensity as somebody going to war."

@krisrhim1 even brought lamb chops inside the arena ahead of the Celtics-Sixers game😭

[Matt Laroo @Matty_Laroo]

Oh wow look. Flood agrees with me RE: Warren and privacy coins

[Flood @ThinkingUSD]

We've derisked quite a bit. After derisking higher we kept re-adding. That has completely stopped.

This isn't purely an alpha based call. I don't have a good read on the market, we're up a lot into year end and want to crystallize gains, and I'm worried about what's coming.

Short term, crypto may be uninvestable. Democrats are probably going Gensler 2.0. There are plenty of nasty outcomes:

- DATs made illegal and forced to unwind
-Warren Banking Oversight
- Protocols pushing memecoins getting prosecuted
- Privacy tokens treated as hostile

Mid to long term, this is obviously a net good for Bitcoin. Democrats will likely accelerate spending and fiat debasement, and the industry may come out better once it gets "cleaned up."

Expect a tremendous amount of volatility. It will present incredible buying opportunities.

Note: The democrats cannot replace the CFTC chair who has been ruling favorably for stock perps and DeFi generally, so some assets may not be totally evisercated.

[Matt Laroo @Matty_Laroo]

@katiebakes @BillSimmons Loose cocks sink stocks

[litquidity @litcapital]

“Scott Galloway? The guy who shits in his Tesla on purpose?”

[Matt Laroo @Matty_Laroo]

@DKSports Looks familiar 👀 congrats on getting this live for NFL. Proud to be part of its creation. You still owe me a watch, btw

[Mike Solana @micsolana]

there is not a single person in government alive today who has improved my life even a fraction as much as amazon. and most have made it worse.

[Brivael Le Pogam @brivael]

I think we're entering a civilizational rupture that nobody can predict. Not me, not the labs, not governments.

I don't know how much people realize how fast we're moving.

Look at what Anthropic's new model did during testing.

It solved two open problems in theoretical physics, both on black holes. One of the calculations was laid out in 2003 and nobody had ever finished it, because it was too laborious.

It formalized the proof of Fermat's Last Theorem in 30 hours, with a thousand agents that organized themselves. The first attempt took 11 days.

It wrote an operating system that boots on a laptop, starting from an empty folder, in 8 days.

It designed three electronic devices, boards, enclosures and software included. All three worked without a single electrical modification.

It found a new method to predict the structure of viral capsids, the shells used to deliver gene therapies.

And on robot control, it more than doubled the previous version's score.

All of that in a single announcement, on a Monday.

I think discoveries are going to stack up so fast that they'll produce an abundance we've never known: energy, health, materials, food. And with it a phase of immense joy, the joy of a civilization realizing that scarcity was never a law of nature.

Except that joy is going to land in a world order that's cracking everywhere, and that was designed by Malthusians. People convinced that resources are finite, that there are too many of us, and that the job of an enlightened elite is to manage scarcity on everyone else's behalf.

To me, Bill Gates is the most famous face of that worldview: a man nobody elected, who has weighed on the planet's health, agriculture and climate policies for twenty years. The degrowth crowd is the militant version. They don't even want to manage scarcity anymore, they want to organize it.

Abundance is the worst possible news for that worldview. If energy becomes nearly free and diseases fall one after another, nobody needs anyone to ration anything for them.

So I don't think they'll fight it. I think they'll try to capture it.

In the name of safety, climate or public health, we'll be told this power is too dangerous to be left in everyone's hands. We already saw the movie during Covid: the permission slips, the passes, the QR code to go get a coffee. Now imagine the same logic with an AI that can see everything, trace everything and decide everything in real time. Orwell never imagined a tool like that.

The technology is winning on its own. The question of the next ten years is who abundance will belong to.

We are living through the greatest civilizational revolution in human history. It's happening right now, and most people are looking the other way.

[Matt Laroo @Matty_Laroo]

@yellowbrah69

[Matt Laroo @Matty_Laroo]

zcash:native

[Matt Laroo @Matty_Laroo]

Predictions on how the Dems and Warren will attack the crypto and crypto-adjacent space over the next 2-6 years:

1. They will first target the low-hanging fruit. Any coins directly associated with the Trump family will be investigated, fraud charges will be brought, and the creation of new coins by US citizens will be highly regulated similar to launching a security

2. Next up will be "grey area" products like perps, tokenized stocks, and prediction markets. Perps are already basically illegal in the US, so from a user perspective, not much will change. But it will kneecap companies like hyperliquid:native $HOOD and $COIN whose current valuations carry expectations of rapid US adoption following legalization. Tokenized stock slow down will have similar chilling effect on those brands.

The prediction market attack will be the most painful from a current US user base standpoint because they are mainstream and US-based companies have heavily invested in them. I actually dont think they will be banned, but the regs will make them effectively as expensive to run as traditional sports books and the market offering will be scaled way back from where it is today, crushing the built in valuation of future PM revenues for the companies listed above and those primarily in the OSB/PM space

3. Lastly, they will come for privacy coins like zcash:native and monero:native. They check a bunch of boxes for the left:

The privacy nature reinforces the nonsense narrative that crypto is primarily used for illicit activities

The quantum-resistance of ZEC makes it impossible for the feds to control

VC and tech bros are loud supporters and buyers of ZEC (think Naval, Chamath, Arthur Hayes, etc) providing the scalp that Warren wants from the crypto community (no pun intended)

Ironically, while the FUD and chaos around all this will certainly tank the price of bitcoin:native (could genuinely see us go to $20K over this window), it actually provides the most fertile possible environment for the orange coin to rip vertical beyond anything we've seen before.

Killing/limiting memes, perps, and PMs takes away a ton of the risk-on, high beta investment alternatives. Forcing exchanges to remove access to privacy coins and any other crypto that doesn't meet whatever silly bar the left sets means that the universe of crypto coins available to the average American shrinks to a concentrated offering with BTC being the most obvious/trusted one to buy as a hedge against USD debasement and socialist insanity.

My 6-8 year bitcoin:native target is $1M+ despite seriously thinking that it could drop by 70%+ from here.

[Matt Laroo @Matty_Laroo]

Kenneth Walker III is currently outscoring every other NFL team at 1pm

[Matt Laroo @Matty_Laroo]

Minshew to throw an INT at -150 might be the most free money bet this season

[Heisenberg @Mr_Derivatives]

Fun NFL stat!

There are 7 games going on right now.

All 7 games first score is a FG.

@grok when was the last time something like this happened?

[Matt Laroo @Matty_Laroo]

Hope no one was betting overs on this 1pm NFL slate 😴

[Matt Laroo @Matty_Laroo]

@Pumpfun Why can’t funds in the hyperliquid portion of our Pump account wallet be used to enter new perps after closing a previous one? Why do I need to move the money back to the Pump side every time I sell a perp and want to open a new one? Aside from rent seeking