Nick Devor

Ever since the courts forced McSorley’s to start serving women in 1970, straight men have been trying to figure out how to build a bar no woman will ever set foot inside. And now it exists.

Tipster sends me the setting up for this silly weekend buyout Polymarket bar at Proper 21K

.@RepJeffries on prediction market regulation: “I do think it’s reasonable for us to take a look at what can be done in this space, and to try to find a bipartisan path forward, working with all of the stakeholders in this area.”

@MickBransfield "Targeted" gmafb lmao

FOIAengine showing a spike in records requests to CFTC re: prediction market complaints

Separate from the legal or ethical stuff it’s pretty incredible that Poly is signing giant deals and raising at a $20b valuation while failing to operate a functional US product

Full press release here: cftc.gov/PressRoom/Pres…

NEW: CFTC and MLB sign a memorandum of understanding, "a statement of intent to discuss, cooperate, and exchange information concerning issues of common interest, such as the integrity of professional baseball and the event contract markets related thereto..." The MOU does not, however, "require either Party to create or maintain information or to provide or share information with the other Party..."

Congress can’t do much to fix the problems it has with prediction markets. My latest: barrons.com/articles/polym…

It was a delight to chat prediction markets with @edzitron on Better Offline with my colleague @ungarino. Listen wherever you get podcasts!

@Knibbs There are no U.S.-based Polymarket traders.

Looking to speak with US-based Polymarket traders. Talking anonymously is fine; just trying to get a lay of the land. If you're open to chatting, my email is kate_knibbs@wired.com and my Signal is kateknibbs.09

@RookeBrollins Why is “no KYC” a pro of Polymarket, in your view?

Imagine listing "No KYC" as a negative.

NEW: Senator Chris Murphy is introducing new prediction market legislation today. Preliminary press release: U.S. Senator Chris Murphy (D-Conn.) and U.S. Representative Greg Casar (D-Texas-35) on Tuesday, March 17 at 10:30am will hold a press conference to introduce the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act, bicameral legislation to ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome. Responding to alarming reports that prediction market accounts – likely owned by government insiders – placed large bets in the hours leading up to both the Venezuela operation and the initial Iran strikes, Murphy and Casar’s BETS OFF Act would put a stop to these corrupt wagers, crack down on prediction markets that flout the law with offshore platforms, and reject the idea that we should commodify every part of our lives.

“Ashton Yeater, 23, was at the park last week promoting a deodorant company. … “Everyone was out playing music, skateboarding, and it was just a sick spot. Definitely not what I'm used to in Ohio,” said Yeater, who moved to Bushwick last fall.”

@EventWavesIO okay fine but my point stands... give the winner $120.2 billion

Considering the odds of a perfect bracket are 1 in 9.2 quintillion, $1 billion is actually a pretty low prize.

@EventWavesIO ncaa.com/news/basketbal…

@nickdevor_ Well, the odds aren't really 1 in 9.2 quintillion

Read the full story for free here: barrons.com/articles/predi…

Kalshi's Oscars markets saw more than $105 million in trading volume, the company tells me. For comparison, the 2025 Academy Awards saw $29.6 million in Kalshi trading volume; in 2024, it was $2.3 million.

People encounter harm in sports betting and other forms of gambling, no doubt. The fact that prediction markets may not be gambling *legally* doesn't mean people aren't going to experience harm from them. I hope the people building PMs can acknowledge that reality. fin

Read @ungarino and my full story for free here: barrons.com/articles/jpmor…

SCOOP: JPMorgan Chase has no current plans to hire traders of its own to bet on prediction markets. Separately, the world's largest bank is reviewing company policies to determine whether it should add new guidance around employees’ participation in platforms such as Kalshi and Polymarket, people familiar with the matter said. Any new guidance from JPMorgan, which has some 320,000 employees, could set the tone for other companies ironing out their own rules around prediction markets. While bank staffers work in a tightly regulated sector, these platforms represent nascent markets and raise thorny new compliance questions. Like their rivals, JPMorgan’s traders and research analysts monitor prediction markets as information sources. Its plans around prediction markets could change if regulators offer greater clarity on how they plan to supervise prediction markets, particularly those where a security is involved, the people familiar with the matter said. Popular prediction-market bets, such as political elections and sports matches, aren’t yet sustainable trading businesses, they said.