'This is a bad idea. It is a very, very, very bad idea'.

Substack just did a deal with Polymarket.

From that link to Brian Moritz:

Imagine for a second that instead of Polymarket, this was FanDuel announcing an exclusive partnership with Substack. Or Draft Kings. What would your reaction be? What would everyone’s reaction be?
  1. 'Not Holy Grail truth'. I've been reading feature interviews with people from the prediction market firms. A comms playbook is emerging. Specifically, they talk a lot about truth. Kalshi co-founder and CEO Tarek Mansour defined markets as 'making the world a little bit