
Derek Thompson
21.7K posts

Derek Thompson
@DKThomp
Sign up for my new newsletter! (Link below) Also: Co-author of Abundance, host of Plain English, and contributing writer at The Atlantic.




New pod: HOW AMERICA TURNED INTO ONE BIG FAT CASINO I talked to @mckaycoppins about sports gambling, war betting, and the fast-motion casino-ification of American life Feat. - Behind the sports leagues' remarkable 180: In 2012, NBA commissioner David Stern personally confronted and threatened Chris Christie for trying to legalize sports betting. Fourteen years later, it is not humanly possible to watch or follow the NBA without making contact with gambling content. - @natesilver's Gambling 101: Online betting might be fun, but it's not "fair": There is an inverse relationship between the most popular bets and the smartest bets; 90+% of bettors lose money over time and the best bettors are limited and even kicked off sites. So the only way to really make money doing this long-term is to somehow manage to consistently belong to something like the 98th percentile of gamblers. - Vice vs wisdom: Sports gambling really is fun. It's also a vice with a significant tail-risk of addiction and financial crisis. Wisdom is the ability to identify, communicate, and legislate limits to legal vices—and we are miles from wise policy on gambling today. - The darkest timeline: Prediction markets really are useful ... but the fact that anonymous accounts can make millions of dollars from forecasting specific war outcomes is absurd and incentives are horrendous. Dystopias aren't just bad ideas taken to illogical extremes; they are often reasonable ideas taken to dangerous places. War profiteering on Polymarket is exactly that kind of dystopia. open.spotify.com/episode/0KJxKz…


James Talarico calls out “the groups” in the Democratic Party on immigration. “In recent years there’ve been a series of advocacy groups that claim to represent the interests of different communities like here in Texas, but actually have no real connection to the actual people on the ground. And those groups convinced the [Biden] administration that it was racist to support border security.” x.com/ElectTheBench/…

Iran is the head of the snake for global terrorism, and through President Trump’s Operation Epic Fury, we are winning this critical fight at an even faster pace than anticipated. In response to Iran’s terrorist attacks against global energy infrastructure, the Trump Administration will continue to deploy America’s economic and military might to maximize the flow of energy to the world, strengthen global supply, and seek to ensure market stability. Today, the Department of the Treasury is issuing a narrowly tailored, short-term authorization permitting the sale of Iranian oil currently stranded at sea. At present, sanctioned Iranian oil is being hoarded by China on the cheap. By temporarily unlocking this existing supply for the world, the United States will quickly bring approximately 140 million barrels of oil to global markets, expanding the amount of worldwide energy and helping to relieve the temporary pressures on supply caused by Iran. In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury. This temporary, short-term authorization is strictly limited to oil that is already in transit and does not allow new purchases or production. Further, Iran will have difficulty accessing any revenue generated and the United States will continue to maintain maximum pressure on Iran and its ability to access the international financial system. So far, the Trump Administration has been working to bring around 440 million additional barrels of oil to the global market, undercutting Iran’s ability to leverage its disruptions in the Strait of Hormuz. President Trump’s pro-energy agenda has driven U.S. oil and gas production to record levels, strengthening energy security and lowering fuel costs. Any short-term disruption now will ultimately translate into longer-term economic gains for Americans – because there is no prosperity without security.













America’s foreign policy toward Southeast Asia under Trump has been: 1. Slap them with the some of the highest tariff rates in the world 2. Launch Section 301 investigations of their trade practices 3. Create a global energy and commodities crisis that singles them out for special pain bc of the region’s reliance on Strait of Hormuz The scenario below is dark, dark, dark … but we have basically waged slow-motion economic warfare against our allies in one of the most important regions in the world. (via @alexbhturnbull)











