Episode 219: PredictIt Is Saved
Election Profit Makers
Jon Kimball & David Rees
4.9 • 700 Ratings
🗓️ 24 July 2023
⏱️ 51 minutes
🧾️ Download transcript
Summary
Jon reacts to the big PredictIt news and analyzes x.com's URL. David defends his Titanic decision.
Watch David's show DICKTOWN on Hulu http://bit.ly/dicktown
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Send your election prediction questions to [email protected]
Transcript
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| 0:00.0 | John, we don't even have time to introduce the name of our podcast this week. |
| 0:10.1 | We have to get right into it because there's breaking news about two of your very favorite things on earth, two particular websites. |
| 0:17.3 | So why don't we just get right into it, Johnny Boy here on our podcast election profit makers, stealth podcast announcements. What's going on with Twitter and Predictet.org? |
| 0:26.7 | Okay. Friday evening there was breaking news. The Fifth Circuit ruled that the CFTC was wrong in |
| 0:34.0 | telling Predict it to stop operating. This returns the case to district court with instructions |
| 0:40.2 | to issue a preliminary injunction, allowing the market to continue operating. And you're obviously |
| 0:47.8 | just saying that off at the top of your head without reference to any sort of printed text, |
| 0:51.7 | correct? No, no, I'm not reading that at all. |
| 0:57.1 | No, legalese comes quite easy to me. |
| 1:03.8 | Questions remain about whether the CFT's retraction of the no-action letter constitutes a final action. What that means is, predict it one, the CFTC, the Fifth Circuit, they were split. It was two to one. The two Trump |
| 1:15.0 | appointees agreed that the CFTC sucks and that the government sucks and that anything, anybody that's |
| 1:23.0 | trying to get one over on the government, they're going to rule in favor. And in this case, |
| 1:29.2 | yeah, it's a big win for predicted. And they, yeah, they're going to keep operating. That deadline, |
| 1:36.8 | which they have blown through, there will be no further deadlines. And why is predicted not? |
| 1:42.9 | There's no change on predicted.org? There's no new markets and |
| 1:45.6 | they haven't even made a new announcement about this. Well, they did make an announcement on Twitter |
| 1:50.8 | a couple days later. They didn't. I don't think it was it was immediate. There is a was a statement from |
| 1:57.0 | John Aristotle. So when can we expect new markets? I don't know. |
| 2:01.3 | I don't know when we can expect new markets. |
| 2:03.6 | Does this mean election profit makers is saved? |
| 2:06.2 | And then we can stop talking about these fucking birds and these fucking skylines and all |
| 2:10.0 | this other ancillary bullshit we've been spinning our wheels with? |
... |
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