$MIAX
Everyone's talking about Kalshi and Polymarket valuations.
Nobody noticed $MIAX is sitting on a 10% stake in a Robinhood + Susquehanna prediction-market venture. They sold 90% of a CFTC-licensed exchange, booked a $50M gain, and kept the upside for free.
And it's the LEAST interesting thing about this stock.
Underneath the trading volume everyone fixates on is a recurring, 51% margin business that grows whether or not a single contract trades. Q1: revenue +40%, EBITDA +66%, margin from 43% to 51%. The market prices it like a volatility bet. It's a toll road.
Then the real prize: for 40 years nobody could touch $CBOE's SPX/VIX monopoly. Everyone who tried lost.
$MIAX found the one structural way in, Bloomberg's index + OCC cross-margining the incumbents can't copy without blowing up their own economics.
A 51% margin compounder, taking share, funding a shot at the most profitable franchise in the exchange industry, with a stack of free call options the market can't even see.
Deep dive out now!👇
YOUGov, or YOU.L is most like a turnaround in future.
None risk of bankruptcy. underlying advertising/data departments continue to generate substantial cash flow Shopee is being considered for divestiture.
AI is tailwind, not headwind, for these types of private data providers.
@leevalueroach There are two websites which chinese investors seek for free financial Information, https://t.co/CUuBcfNQsz and https://t.co/XBTGoJkvBu . You need a vpn to view them.
And again, It's a waste of time for doing that.