Roundup: WSJ reports Kalshi, Polymarket might raise at $20B valuations; Polymarket CEO Shayne Coplan talks war markets, Robinhood CEO Vlad Tenev talks prediction markets; Kalshi is headed to Brazil.
From a pure product perspective I think so far there is…a lot of these entries are from companies that have multiple or other offerings. Them offering other things on top makes sense. I am less bullish on prediction market only type offerings. Fewer winners there.
Liquidity is and will continue to be an issue and is definitely something companies will have to help along as they scale.
But at core if you believe the opportunity is in the tens or hundreds of billions, you need to own the DCM/DCO, which is how you are seeing companies react to the future.
Is there enough room in the market for every operator currently pursuing DCO/DCM status without fractionalizing liquidity across many exchanges?
That’s the part I’m not understanding.
From a pure product perspective I think so far there is…a lot of these entries are from companies that have multiple or other offerings. Them offering other things on top makes sense. I am less bullish on prediction market only type offerings. Fewer winners there.
Liquidity is and will continue to be an issue and is definitely something companies will have to help along as they scale.
But at core if you believe the opportunity is in the tens or hundreds of billions, you need to own the DCM/DCO, which is how you are seeing companies react to the future.
Dustin, what do you think about NASDAQ trying to register an exchange with the SEC?
https://x.com/MilkRoad/status/2028488473796366466
Idk how all this works if it’s all being done with the SEC! I mean they want to do it all together, but seems messy.