Polymarket

I, so I stopped taking...

I, I, I did the Polymarket.

I did the Kalshi ads for a little while, and then I thought, 'cause it seems like fun.

And then you realize, no, it's actually...

Yeah.

We're not a pro sports gambling podcast unless Polymarket wants to do ads on this program in which we will absolutely change our tune.

Yeah.

I mean, I'm certainly a hypocrite.

And what they'll do, and I'll, I'll use this week as an example, Novig did that big Sydney Sweeney ad, and I know you saw it and everybody saw it.

They, they're gonna invest in Novig, and they're gonna invest in Poly Market and Kalshi and Underdog Sports and FanDuel and DraftKings, and they're gonna invest in all seven of them.

Mm.

All, all at once.

What's the name of the place that do all those weird bets?

Polymarket.

Polymarket.

Thank you very much.

Polymarket if the show gets picked up by Tubi or if it doesn't get picked up by Tubi.

And they're surprised there's insider trading in that because the guy knows.

Like George Santos did nothing wrong.

I did not know that.

... and Juliana, and Juliana Stratton's gonna-

Did you go to Polly Market and bet the mortgage on- [laughs]

Yeah, I went to Polly Market, and Juliana Stratton's going to, uh, win at a walk in the Senate race in Illinois.

[laughs]

I was given, uh-

[upbeat music] Hey, I'm Guy, with your daily brief for Wednesday, September 23rd.

Coming up, Tencent and Alibaba's fresh AI moves made investors happy, and Polymarket's going for a European regulatory win.

We'll also check in with Carl to get his answers to your burning questions.

More on the way, but first...

Sometimes there's a legitimate explanation, but investors should understand exactly what's being adjusted and why.

Thanks, Carl.

Next up, Polymarket wants in on Europe, but first it's trying to convince regulators that it's a financial services firm, not a gambling company.

The prediction platform lets people bet on event outcomes, how many times Elon Musk posts on X in a week, who will win an election, whether it'll rain tomorrow, et cetera.

Advertising works.

Polymarket is all in on it.

Eric, would you rather tell us what is going on over at New Standard other than, of course, MRR growing, motivation happening.

Give us a little context.

4 Ole Miss.

There's a lot of good drugs out there, huh? Polymarket trades 59%, and I think the spread is like a field goal in favor of Florida.

So people really liking – The Gators at home and Ole Miss off of a very emotional game.

Oh,

DraftKings, FanDuel, Kalshi, Polymarket, Robinhood, all the gambling on all the apps and sports betting in particular.

This has become the golden age of online sports betting.

And there is a lot of concern about the billions being spent now.

So I think it's not really just the financial aspect of it and how much money people are losing, but the cultural salience.

And Americans love sports, not only because we want to bet on them, but because they're an incredible thing.

And to have this quick about face where I can't turn on the TV now and not see LeBron in a Polymarket or a DraftKings commercial after being told for so many years that the leagues would never get in bed with these companies is pretty jarring for a lot of people.

Yeah, I would agree with that.

And I also agree with Isaac's point about it being legal.