Having lived on military bases that is a false sense of security. That's one gate guard away from a problem. They make mistakes. There are far better options he can afford.
Kalshi: Sequoia Capital, Paradigm, Andreessen Horowitz (a16z), Y Combinator, Charles Schwab, Henry Kravis (KKR), and CapitalG (Alphabet).
Polymarket: Intercontinental Exchange (ICE - parent of the NYSE), Founders Fund (Peter Thiel), Vitalik Buterin, and 1789 Capital (Donald Trump Jr.).
PredictIt: Primarily supported by Aristotle International (a political tech firm) and historically Victoria University of Wellington.
Donald Trump Jr.: Prominent investor in Polymarket through his firm, 1789 Capital, and serves as a paid strategic advisor to Kalshi.
The current CFTC Chairman, Michael Selig, created a 35-member panel to draft new regulations for prediction markets. This panel includes the CEOs of the platforms they regulate, such as Shayne Coplan (Polymarket) and Tarek Mansour (Kalshi).
These companies were blatant about operating illegally in the US. I remember being shocked to see the live billboard polymarket ads in Philadelphia on the eve of the election. I guess there are too many scandals these days for this to stand out.
This tracks my usage exactly. It was like Mad Libs - in that moment it was THE MOST FUN but after a while it became just a novelty bordering on... creepy. Now I feel kind of guilty for having exposed so many friends to what looks like a data gathering scheme.
The struggle to "compete with China" on price is not new. Tesla's failings have everything to do with it's failures in execution, quality and brand image. Apple does quite well in China.
It aligns with Emil Michael, the Pentagon’s chief technology officer who said "I need someone who’s not going to wig out in the middle"
Both statements give the impression Anthropic is looking to be directly inserted into the kill chain command structure which as far as I understand is not accurate.
What's the operating budget for other websites with comparable traffic? Without context $185 million seems like a lot, but compared to what? Reddit's operating budget for the same timeframe was $1.86 billion.
I agree, but it's not a shoestring budget. They also seem to run a surplus every year:
The Wikimedia Foundation (WMF) maintains a significant financial surplus and a growing, healthy balance sheet, with net assets reaching approximately $271.5 million in the 2023–2024 fiscal year. This surplus is largely driven by consistent, high-volume, small-dollar donations, with total annual revenue often exceeding $180 million.
Surplus is a good thing right? Long term stability, responsible financial management, healthy margins? If they said one year "You know what? We're good on donations this year." it would never be restarted.
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