E133: Have You Been Involved with Polymarket Gambling Bars & Tokenized Oil on Tax Day?
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Coming off SXSW and rolling straight into Blockchain Week in Washington, D.C., Toner and BTC Ankarino find the cherry blossoms blooming, the Clarity Act stalling, and Polymarket setting up a prediction-market situation room in the middle of March Madness. Because nothing says “serious financial innovation” like a billion-dollar perfect bracket challenge at a crypto bar while Congress tries to decide whether the future is a commodity, a security, or just Nevada with better branding.This week, the boys follow the money from prediction markets and Academy Awards “whispers,” to Kalshi getting hunted by state gaming regulators, to the CFTC launching an innovation task force just as everyone realizes the new casino may be federally regulated derivatives in a trench coat. Meanwhile, Pennsylvania wants its tax cut, Nevada wants its knees back, and every fintech app in your phone is quietly deciding whether “predicting” is just gambling with better UX.But the real play may be bigger: banks getting looser capital rules, Tether hiring a Big Four auditor, Europe pushing CBDC settlement rails, Morgan Stanley admitting Wall Street has been building crypto infrastructure behind the curtain for years, and the Clarity Act starting to look less like a bill and more like a guest list. Ethereum, Solana, Coinbase, Tether, tokenized oil, stablecoin yields, April 15th, and the IRS clearing house all walk into the same bar.Spring is coming. The brackets are busted. The rails are being laid. And somewhere between the Strait of Hormuz and PubKey D.C., the house is already taking bets.