What prediction markets and crypto have in common
Plus: US macro, Hobson’s Choice and more
“Time flies like an arrow. Fruit flies like a banana.” – Groucho Marx ||
Hi all, and happy Friday! I hope you’ve got some good things planned for the last weekend of May – I plan to enjoy the early summer vibes, before the sweltering Madrid heat descends.
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IN THIS NEWSLETTER
What prediction markets and crypto have in common
Macro: US inflation and GDP
Term of the day: Hobson’s Choice
Crypto is Macro Now offers ~daily commentary and updates on the overlap between the crypto and macro landscapes. Plus links and more.
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WHAT I’M WATCHING:
What prediction markets and crypto have in common
Regular readers will have noticed that I hardly ever talk about prediction markets, other than to share the occasional chart. In fact, I don’t think I’ve ever written about them as a concept, and given the firehose of headlines, it’s time to 1) explain why and 2) change that.
