Implied Funding
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Implied Funding
@ImpliedFunding
Mostly wrong. Plus one and minus one equals zero; that's a defeatist attitude. Formerly @realjonbovi





In London next week. Ngl looking forward to it. Pints outside in nice weather.

Institutional adoption of prediction markets is underway. Today Kalshi completed its first ever bespoke block trade. Jump Trading provided the liquidity. Transaction was brokered by Greenlight Commodities on behalf of an environmental hedge fund which wanted to bet on if a specific price will be realized at a California carbon allowance auction in May. Block trade was a 6-figure amount, which is relatively small, but this is just the beginning.



Oil futures are not a “paper” market! They settle into actual, physical oil delivered to Cushing. The fact that you can trade them frictionlessly from a computer screen and exit your position early does not make it non-physical in the way that e.g. ES futures cash settle.

In a new analysis, @CSISEnergy experts discuss the differences and the relationship between the physical oil market and the financial, or “paper,” oil market. Read here: csis.org/analysis/how-i…












