cover of episode Millions of Bets Flood in on 2024 US Election & Pharmacy Giants are Shrinking

Millions of Bets Flood in on 2024 US Election & Pharmacy Giants are Shrinking

2024/10/16
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Neil Freiman 和 Toby Howell 讨论了 Jane Street 为实习生提供的 25 万美元的年薪,以及这一薪资水平与英国首相和美联储主席薪资的比较。他们还探讨了 Jane Street 的总薪酬构成,包括年终奖金,以及公司员工的平均薪酬。 Neil Freiman 和 Toby Howell 讨论了美国总统大选预测市场的兴起,以及这一市场与传统民调的比较。他们分析了预测市场的优势和劣势,包括其准确性、实时性以及被操纵的风险。他们还探讨了预测市场对大选结果的影响,以及不同利益相关者的观点。

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Prediction markets are gaining popularity as a tool for forecasting election outcomes, offering a potentially more dynamic and real-time alternative to traditional polling. However, concerns exist regarding potential manipulation by wealthy individuals and the overall impact on the democratic process. This election cycle will be a key test of the accuracy and influence of these platforms.
  • $1.9 billion has been wagered on PolyMarket, a crypto-based prediction market.
  • Kalshi, a US-based platform, saw $12 million in trading volume in its first few days.
  • Prediction markets suggest Trump has a lead over Harris, while polls indicate a tie.
  • These markets could be more accurate due to 'skin in the game,' but are also susceptible to manipulation.
  • They offer a more agile and real-time reflection of events compared to traditional polls.

Shownotes Transcript

Episode 432: Neal and Toby discuss the huge influx of bets being made on the US presidential election and why the lifted ban on prediction markets is huge. Then, Walgreens is closing up 1,200 stores, joining a growing number of pharmacies shutting down as payments for prescription drugs are drying up. Next, the highly anticipated ‘Joker’ sequel, which cost $200M to make, is struggling to break even at the box office. Plus, the Victoria’s Secret Fashion Show is back after going into complete overhaul since its string of controversies. Meanwhile, the Las Vegas Sphere will get a twin as a new Sphere will be built in Abu Dhabi. Lastly, Boston’s Women’s Soccer team has a brand new name that breaks normal naming conventions of sports teams. 

00:00 - Jane Street interns paid $250K/yr!?

3:15 - Prediction markets are surging

8:30 - Walgreens struggles to keep up

12:50 - Joker 2 is Hollywood’s latest flop

18:50 - Victoria’s Secret Fashion Show is back

22:10 - Las Vegas Sphere gets a twin

25:45 - Boston’ newest sports team gets its name

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