@staffordphilip
Reporter at the Financial Times https://bsky.app/profile/financialtimes.com. Bits of UK retail, markets, bits of market structure, bits of crypto or mix of all of them. If you've been spammed in your DM with a crypto scam, it's not me.
I think one of the most staggering industry shifts in my 16 years as a tech reporter is that it’s not become a question of “should our product help the government kill and/or surveil people?” but “to what extent?”
www.anthropic.com/news/where-s...
Trump Defends Addition Of Ballroom To Air Force One
Trump Defends Addition Of Ballroom To Air Force One https://theonion.com/trump-defends-addition-of-ballroom-to-air-force-one/
This piece is great but also insane.
Polymarket has offered to pay fraternities, in exchange for signing up users, money that can be spent on throwing “epic parties”—one frat raised $30,510 over a two-week period.
www.wsj.com/business/med...
Kalshi employees "kind of understand that without the tweets and the streamers and all of the social-media stuff that the traders do for them, usually just for free, their marketing would be a lot harder," said Jack Campion, 20, a junior at the University of Wisconsin-Madison and a Kalshi affiliate. In September, Kalshi briefly signed up a 15-year-old videogame streamer who goes by vertid online to promote its brand on X as an affiliate. A week later, Kalshi ended the partnership. "Yo brother, legal team confirmed that we can't work with minors rn," a Kalshi employee wrote to the user in messages reviewed by the Journal. "Kinda sad tbh."
what the fuck are we doing
www.wsj.com/business/med...
At the center of the prediction markets boom is a bitter rivalry between two 20-something billionaire fintech bros vying for their companies to be distinct, despite everyone constantly lumping them together
"For them, it's existential," a former Kalshi employee told me
www.npr.org/2026/03/06/n...
Massive UK media scoop - Germany's Axel Springer is poised to agree a shock £500mn deal for the Telegraph in a move that will scupper the acquisition of the UK newspaper group by the Daily Mail. W/ the FT's finest @JFK_America @ArashMassoudi
www.ft.com/content/e5cb...
bravo
Scratching my head at this one.
OKX isn't one of the leading players, esp in the US, and a year ago settled for $500m for AML rules violations, when DoJ estimated $5bn of suspicious trades went though OKX.
www.bloomberg.com/news/article...
The forgotten victims of war.
"Some are turning to private jet hire in order to prevent them being disqualified from the UAE’s generous tax status"
www.ft.com/content/80bf...
This is a big deal for crypto, something it's lacked since the Silvergate network went down in 2023.
www.ft.com/content/d84a...
And I thought removing the Ayatollah without any other plan was the worst idea I'd heard this week.
Ruud knows.
Too many decent athletes, not enough footballers.
Trump: "Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf. This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come. Thank you for your attention to this matter! President DONALD J. TRUMP"
Trump: "I have ordered the US Development Finance Corporation (DFC) to provide political risk insurance and guarantees for the Financial Security of ALL Maritime Trade through Gulf. This will be available to all Shipping Lines. If necessary, the Navy will begin escorting tankers through the Strait"
Incentives drive behaviours
Charlie Munger couldn’t have scripted it better
Polymarket users won big with unusual bets on US attack on Iran
www.ft.com/content/2883...
Melania Trump is chairing a UN Security Council meeting.
I'm not joking.
The US currently holds the presidency of the council and that's who Trump chose as chair.
This is strategising steps ahead of the opposition.
Trump struggles to explain why he launched another Middle Eastern war www.ft.com/content/fd31...
Y’all look like you need a break from the grueling news cycle (again!). We’ve got you covered!
Check out our note with @rashad-ahmed.bsky.social on bank equity price reactions to stablecoin legislation!
anderseninstitute.org/bank-equity-...
As US and Israeli bombs fell on Iran this weekend, bettors on Polymarket — where $529 million was traded on contracts tied to the timing of the strikes — were cashing in
Allies of me are understood to be begging my fellow journalists to stop letting politicians put out doubtful statements through deniable sourcing.
The 'digital gold' store of value in times of uncertainty
This is amazing.
www.getyourfuckingmoneyback.com
The Trump family’s media group is weighing plans to spin off the Truth Social social media platform that is extensively used by Donald Trump, as it seeks to reposition itself as a major player in nuclear energy.
You can have no idea where this sentence is going as.ft.com/r/4860d9c4-7...
The tone of a headmaster very disappointed with the class and he'll put them in detention to reflect on what they've done.
seems bad
MFS CREDITORS ALLEGE £930 MILLION SHORTFALL FROM DOUBLE PLEDGES
willing to bet a tenner that the local elections in May feature at least one party accusing a minority group of eating pets
Deep in banking regulation weeds but maybe the end of 'rewards' for US stablecoin owners.
The evasion language in the OCC proposed guidance is pretty tough.
blog.starpointllp.com/2026/02/no-m...
Nasdaq’s proposed changes to the Nasdaq-100 would fast-track mega-cap IPOs like SpaceX or Anthropic into the index even with tiny floats.
Good for insiders but it risks leaving passive investors holding the proverbial bag.
In @alphaville.ft.com today - no paywall: www.ft.com/content/cdf3...
CFTC issues guidance on what it see as insider trading on predictions markets.
"Misappropriation of confidential information in breach of a pre-existing duty of trust and confidence to the source of the information"
www.cftc.gov/PressRoom/Pr...
True, there's useful data in Refinitiv but it was 5x bigger than old LSEG and well known as a badly integrated mess. ICE passed over buying because of it. LSEG bet they could fix it but it's dragged margins. Totally agree on other observations.
