Kalshi

Who can blame the White House teleprompter operator, America’s savviest gambler?

Taking the luck out of betting might lessen the thrill, but it certainly ups the profit. White House teleprompter operator Gabriel Perez allegedly made more than $100,000 by using inside knowledge of the President’s speeches to place bets on prediction market Kalshi, according to ABC News. Perez, who has operated Trump’s teleprompter since 2016, is believed to have placed bets on more than a dozen speeches – including February's State of the Union address. At times, he would even alter the bets mid-speech if he saw that the President was skipping a section on the teleprompter. Cockburn can't help but respect the hustle. His account’s winning streak was tracked and reported to the Commodity Futures Trading Commission, which is now initiating a full investigation.

gabriel perez teleprompter

Is the survival of prediction markets a safe bet?

On a cold January night in New York City, Chris Hayes walked off the set of CBS’s Late Show with Stephen Colbert only to face a pressing ethical dilemma. As he left the Ed Sullivan Theater and walked on to Broadway, he got a text from a friend who covers technology for NPR with a screenshot of a Yes/No market that had been spun up on the prediction market Kalshi, based on what Hayes might say on the evening’s broadcast. What would he say about Donald Trump? Would he talk about affordability, Russia, China, Greenland or other topics? It was just a $22,000 market in volume, a minor amount. But what struck Hayes as truly bizarre about the market was this: it was a prediction market about something that had already happened.

prediction markets

Betting on a papal conclave felt mildly degenerate

Josh is a five-foot-tall aspiring priest with a prosthetic leg who wears half a dozen assorted crucifixes and medals, causing him to jangle as he lopes around on crutches. He also carries so many holy cards in his pocket that you’d think he was worried about being spontaneously challenged to the Catholic equivalent of a Yu-Gi-Oh duel.But most importantly for my purposes, Josh will talk to you about Church politics until you’re ready to jam an aspergillum through your eardrum.When I first approached him, purely out of curiosity, he sent me an article from the National Catholic Reporter suggesting that the odds-on favorite, Vatican Secretary of State Pietro Parolin, was a paper tiger.

Pope