American Pope Beats 1% Crypto Predictions Market Odds | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 May 2025
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry as American Robert Prevost became pope, beating crypto prediction market odds.
American Robert Prevost didn't think he would become pope, and neither did crypto prediction markets. Plus, Meta re-joins the stablecoin race and Celsius' Alex Mashinsky lands 12 years in prison. CoinDesk's Christine Lee presents "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | The first American Pope never thought he'd ever become Pope, and neither did the crypto markets. |
| 0:05.3 | It's Friday, May 9th, 2025. I'm Christine Lee. This is Coindess Daily. |
| 0:14.6 | Cryptoprediction markets gave a slim chance that American Robert Prevo would become the next Pope of the Roman Catholic Church. |
| 0:21.6 | In the hours before the conclave cast its fourth vote to elect Leo the 14th, the new Pope's |
| 0:26.6 | chosen name, to succeed Pope Francis. Calci gave the American an up to 2% chance of making |
| 0:32.4 | history, while Polly Market gave a 1% chance with $40 million in combined trading volume on both markets. |
| 0:39.0 | It's fitting perhaps in the sense that Robert Prevo himself did not think he would ever become |
| 0:43.8 | Pope. Hailing from Chicago, his brother told reporters lining his home that Robert Prevow never |
| 0:49.4 | desired to be Pope, saying absolutely not, God forbid. But as time passed on and he rose the ranks of the |
| 0:56.2 | church, he began to say, if it's what God wants, then we'll deal with it. Chicagoans are rejoicing, |
| 1:02.5 | posting Pope Leo walking to the Chicago Bulls theme song, introducing deep dish pizza to Italy, |
| 1:07.9 | and documenting evidence that he is a white socks fan. |
| 1:11.6 | Pope Leo is also being embraced by Peru, where he served as a missionary since 1985, |
| 1:17.1 | became a citizen, and shared ties to the region with his predecessor and friend Francis. |
| 1:22.5 | Peruvian president, Dina Buluarte, exclaiming, the Pope is Peruvian by choice and conviction. |
| 1:28.3 | Meanwhile, tech giant meta is exploring the use of stable coins to manage payouts, |
| 1:32.3 | aiming to reduce costs and streamline cross-border transactions, according to a Fortune report. |
| 1:38.3 | The company has hired Ginger Baker, a vice president of product with cryptocurrency experience |
| 1:42.3 | to lead discussions with crypto infrastructure |
| 1:44.6 | firms. This marks Metas return to crypto initiatives three years after abandoning its DM'd |
| 1:50.0 | stablecoin project amid regulatory challenges. Finally, Alex Machinsky, founder and former CEO of the |
| 1:56.3 | bankrupt crypto lending platform Celsius Network, was sentenced to 12 years in prison Thursday for securities |
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