@rabois@andrewarruda #6 is wrong. Kirkland (and plenty of other firms) have much larger in-house software dev and data science teams than most people realize. Firms sell software all the time, those sales just don’t make headlines.
BREAKING: DOJ announces it has arrested a US Special Forces soldier who took part in the raid that captured Venezuelan dictator Nicolas Maduro after the soldier allegedly pocketed $400,000 by betting more than $30,000 on Maduro’s removal on Polymarket.
Name: GANNON KEN VAN DYKE
Interesting conversation on the regulatory environment of predictions markets during a recent compound and friends episode with @tracyalloway and @TheStalwart that just missed a couple points (starts at about 53:20)
https://t.co/klmOVcz6lO
But it’s wrong to say that insider trading laws aren’t the same as they would be otherwise. The Commodity Exchange Act has antifraud provisions, wire fraud statutes would apply, and the misappropriation theory of insider trading would likely apply
https://t.co/eik3UZRl0A
@Ladeedahh2@darrenrovell That’s a problem for the government to solve by enlarging the regulatory agencies. But the CFTC oversaw 7 billion option and futures contract trades last year. Ain’t their first rodeo.
@TheStalwart Doesn't really comport with their mission to reduce government spending one way or another. BTC obtained via forfeiture is usually the product of ponzis which means victims need to be compensated. Rather than liquidating BTC to do that, the gov needs to pay out of its coffers.
Whenever there's a weekend bailout, I can't help but imagining very West Wing-like scenarios, where someone is tasked with coming into the Oval Office every 10 minutes to update the President and Treasury Secretary about how, like the Hang Seng is doing.