Katherine Long

Bloomberg’s getting a great one!

i love all mainstream print media but the wsj has really been killing it

Americans Are Now a Target in Trump’s Immigration Crackdown Read this remarkable investigation by @brenna__smith @HannaCritch @noslouch @bellecushing @emmatscott wsj.com/us-news/immigr…

Exclusive: Kalshi and Polymarket are each eyeing roughly $20 billion valuations, evidence of how the leading prediction markets are surging, ⁦@KateClarkTweets⁩ & ⁦@KevinTDugan⁩ report. wsj.com/finance/kalshi…

"Polymarket mailed SigEp a wooden plaque recognizing them as 'the first Polymarket Pledge Class.'" wsj.com/business/media…

NEW: Kalshi and Polymarket are each talking to investors about raising money. They both are eyeing a $20 billion valuation. Big numbers amid big scrutiny. Scoop with @KateClarkTweets wsj.com/finance/kalshi…

Great in depth look at prediction markets marketing on college campuses

“Yo brother, legal team confirmed that we can’t work with minors rn,” a Kalshi employee wrote to the user in messages reviewed by the Journal. “Kinda sad tbh.”

Yo brother legal team confirmed that we can't work with minors rn

Young people seem to be (1) gambling a lot (2) targets for prediction market companies and (3) using these platforms primarily to find ways to do insider trading!

There's so many great nuggets in here, I feel like the McDonald's CEO tasting them wsj.com/business/media…

“Yo brother, legal team confirmed that we can’t work with minors rn … Kinda sad tbh”

"Kinda sad tbh." - a Kalshi employee on not being able to work with minors

One brother at Sigma Alpha Epsilon at the University of Miami had some valuable information. Evan Whitesell, Jeff Bezos' stepson, was in the fraternity. In February, the online prediction market Kalshi was offering wagers on which celebrities would show up at the Super Bowl. The odds of Bezos attending were high—a potential jackpot for anyone who actually knew his weekend plans, which didn’t involve a trip to the game. Some fraternity brothers soon began placing bets that Bezos would not attend. Two people who bet said the original source of the information was Whitesell, though neither heard it directly from him. The information spread fast. On Kalshi, the odds of Bezos appearing plummeted from around 70% to under 30%.   “We know this shouldn’t be allowed,” said one brother involved. “People are like, is this insider information? Is this regulated? You feel like you’re doing something you’re not supposed to. It feels like someone should stop you.” Bezos didn’t attend the game. Bets among the brothers and their friends ran as high as $10,000 per person, with returns hitting more than 30%. Whitesell didn’t place a trade and doesn’t have a Kalshi account, according to a person familiar. One fraternity brother said in an interview his winnings would help pay for spring break. wsj.com/business/media…

If you missed it last night, one of the best pieces of journalism to date on prediction markets.

"It feels like someone should stop you.” Polymarket and Kalshi are all-in on colleges. Now students are hunting for an edge. They've used the kids of Jeff Bezos and Mark Wahlberg as excuses to trade and are getting paid thousands to convert classmates. wsj.com/business/media…

“We know this shouldn’t be allowed,” said one brother involved. “People are like, is this insider information? Is this regulated? You feel like you’re doing something you’re not supposed to. It feels like someone should stop you.” Must-read: wsj.com/business/media…

Kalshi and Polymarket are pushing to win over college students. What could go wrong? Inside the bets on inside information, the frat meeting with Shayne Coplan, the army of influencers — one as young as 15. With @ByKLong @AngelAuYeung and Dana Mattioli wsj.com/business/media…?

NEW: A fraternity that counts Jeff Bezos' stepson as a member under investigation for insider trading. Polymarket-branded beer pong sets. $20,000 in funding to open a prediction market club. Here's how prediction markets are gaining ground on campus. wsj.com/business/media…

@NedricksNuts Hi -- just DM'd you. Would love to chat for a story I'm working on.

“Mfs watch zootopia and swear they seen bad bunny” #JudyHopps