Kalshi CEO Tarek Mansour sees gambling on his app as the cure to Instagram addiction. Seems kind of like trying to treat a caffeine addiction by taking up cocaine but I guess I shouldn't be surprised when a coke dealer sees some merit in that idea

Stephen Miller lets it slip: "they all have a life they want after the Senate... corporate boards they want to be a part of" Withholding lucrative jobs is how Trump and the oligarchs keep their grip on power. This would be called corruption anywhere else Video credit @acyn.bsky.social on X

I would like to congratulate everyone who fell for this family's scheme, you've now got Democrats going on Fox & Friends to criticize the party. It may be bad for other Democrats, but at least this college kid's resume is going to look good!

Centrists are so excited to punch left that they're missing that this is clearly a grift. It's run by a college sophomore whose only experience is seemingly driving his car a lot and sinecure at WelcomePAC, a job his dad (WelcomePAC's Director of Electoral Programs & Finance Chair) secured for him

Perfect example of how revolvers legitimize a scam industry: Kalshi's head of enforcement and CPM are touting Prelogar's work for the Kalshi as proof the Democratic Party supports prediction markets. Maybe it's time we rethink the appointment of people willing to sell out the party like this

The Coalition for Prediction Markets, for whom Biden's SG is doing legal work, has a habit of publishing far fetched claims on their website. I reached out to ask them how they arrived at these numbers back in May but did not receive a response.

Other revolving hires by the industry in recent months include former Obama campaign manager Stephanie Kutter and Trump's policy communications director. I'd be remiss to not include Donald Trump Jr. who has a board position and investments with both Kalshi and Polymarket. He's profited handsomely

The Coalition for Prediction Markets has added a new revolver to their roster: Biden's Solicitor General Elizabeth Prelogar. She's not the only former SG on Kalshi's payroll. One-time defender of child slavery, Neal Katyal is also working to defend the industry from bipartisan attempts to rein it in

I think the core disagreement Yglesias has with those who are anti-data center is that many of them view the AI buildout as part of a bubble from an industry that is very unprofitable. Data centers may one day be profitable, but so far they haven't generated the promised returns, just pollution

In another section, Yglesias criticizes Bernie's proposal to nationalize a portion of the largest AI firms, in an attempt to distribute the benefits from the industry. But he criticizes Bernie for not giving the proceeds to countries in the global south who will be harmed more.

In Ohio, the state gave sales tax abatements to data centers for 40 years in the hopes of fueling growth. The abatements amounted to more than $1.6 billion in 2025. In return, the companies had to keep a payroll of as little as $1.5 million. That's not good for growth, no mater the stated purpose!

Yglesias has a bizarre piece today that is extremely credulous about tax abatements for data centers because they are *intended* to generate revenue. That's also the intention behind public subsidies of stadiums, but the intention doesn't matter. It doesn't work.

Telling excerpt from Wired's fantastic reporting on Peter Thiel's secret society: the staff overruled their AI tool to label Tyler Cowen a VIP Cowen is neither famous or rich (the normal criteria for VIPs) but his libertarian ideas have tons of cachet in Silicon Valley and in the abundance movement

Cuban also explained why he was upset with the Biden administration. It's not what soured a lot of Americans on the Biden admin (inflation or Biden's age) but that Cuban wasn't treated like an extra special boy on account of his wealth. Why didn't they ask him for advice?

Billionaire Mark Cuban appeared at centrism conference WelcomeFest yesterday offering advice on how Democrats to win back the center. His advice? Democrats need to ask businesses to make things more affordable, and they need to emulate Trump's approach of listening to the oligarchs

Sean McElwee, SBF's gambling buddy, is attempting a comeback, hosting a discussion at WelcomeFest's "Reducing polarization and governing well room" tomorrow

Third Way has a new statement out, clearly they realized their re-written embrace of the report made them look bad and are attempting to paper over that mistake

This is the document moderates are lining up to claim is proof of their worldview

Pro-moderation group WelcomePAC also appears to have embraced the autopsy that was so egregiously incomplete and incompetently-produced that the DNC tried to bury it.

In a baffling choice, Third Way seems to believe the DNC autopsy — the document that is riddled with basic factual errors, misspellings and potentially AI-hallucinated claims— proves their worldview correct

The ex-girlfriend of Donald Trump Jr. (and ex-wife of Gavin Newsom) Kimberly Guilfoyle is doing critical diplomatic work in her position as US ambassador to Greece today, cutting the ribbon on a new McDonalds. And yet they still say the Trump admin. has no diplomatic accomplishments

While I don't agree with Matt's political analysis, his refusal to apologize for his bald-faced lie even 18 hours after I pointed it out is shameless. He's even refused to delete the Tweet without acknowledgment (his standard way of addressing a "correction") How much lower can he stoop?

Yesterday, Matt Yglesias attacked my org, The Revolving Door Project for supposedly not calling out the "Warren Wing mafia" (spooky) Early this month I wrote a piece for the Lever that called out this person by name, something he'd know if he read our work (he proudly proclaims he'd never do that)

I'm just confused by the staff work on this, frankly. Imagine being the guy explaining to your boss, a US Congressman, that he is listed in the program after a bitcoin DJ with 54 monthly listeners on Spotify. Not 54k. 54 individuals

They don't even pretend that this is a financial product! It is just a means of bypassing democratically enacted state laws so they can get more young men addicted to sports gambling. Anyone who works for this industry should be persona non grata in the Democratic Party

I just realized why Yglesias is so heated about me insulting prediction markets like Kalshi. He's got to step up and defend his sponsors!

Apparently not

As the author of the screenshot, let me state it clearly: I do not consider myself a "bully" but if "bullying" is necessary to keep influential people from working on behalf of scams like Kalshi and Coinbase, I think it's worth the cost. Working for private enterprise is fine. Selling their BS isn't

Look at the double standard progressives are held to. Third Way just hosted a conference on how to exclude the left and calls for "icing out" Zohran only to whine that the Pod Save guys are "shrinking the tent" for calling on Dems to oppose the single least popular war in history

A spokesperson for Third Way is currently complaining that the Pod Save America guys are attempting to "shrink the tent" by calling for Dems who support the war with Iran to be primaried. Less than two weeks ago, Third Way hosted a conference on how to eject progressives from the democratic fold