Dry Run

Aaron Brogan joins us to talk about the legal landscape for prediction markets, fairness and insider trading.

We cover:

01:18 - Legal history of prediction markets

08:18 - CFTC vs prediction markets

11:57 - Fairness doesn't matter

22:19 - Modern rhetoric on prediction markets

26:38 - Prediction markets vs gambling

33:23 - Upcoming regulation

Andrew Dresner, banker and author, joins Khushi and Eshita to talk about payments products and adoption.We go from his experience helping build Zelle and watching banks innovate to how he thinks about stablecoins and agentic commerce today.02:06 Why payments innovation takes 20+ years05:29 Why PayPal slowed down as ecommerce changed11:21 Lessons from building Zelle at JPM17:05 How banks are responding to stablecoins22:10 Why he’s skeptical of agentic commerce25:47 Taste and why shopping is hard to automate29:56 Which payments players are on the offense32:26 How payments networks respond to new trends39:41 Distribution vs. innovation

Shreyas from Monad joins us to talk about about evolving retail investing risk appetites, prediction markets, and insider trading.We cover:01:32 - Evolution of trading and investment strategies07:28 - Democratization of white collar crime11:37 - Insider trading in prediction markets vs sports betting20:16 - Platform guardrails to minimize insider trading28:09 - Structuring markets to decrease insider trading32:04 - Legal and regulatory solutions to insider trading

Simran of Monaco Trading breaks down where yield actually comes from, why institutional failures came down to risk management, and what Monaco is building for a world where TradFi and DeFi converge.

01:26 - Lessons on financial markets from TradFi & DeFi

03:33 - RWAs are the most tangible form of yield

06:03 - Institutional failures due to lack of risk mgmt

07:45 - Retail should not need to understand risk

08:46 - Everything in life is an option

15:05 - What the world looks like when Monaco works

16:45 - Build a trading product, not an engineering one

18:13 - What is the end destination for crypto

Connor shares his work at Tachyon, the team building a scaling upgrade for Zcash, breaking down the technical limitations that have held it back.

We cover why institutions won't adopt permissionless blockchains, why retail needs onchain privacy, and what the Roman Storm trial means for how crypto approaches regulation.

Patrick Kim breaks down how crypto cards are scaling stablecoin payments and what that means for global adoption, especially in emerging markets.

We walk through how stablecoin card transactions actually work through card networks, the landscape of issuers, why stablecoin-native settlement is still tricky, the incentives for issuers, how neobanks fit into the picture, and where card-based stablecoin usage is headed next.

Ivy, Head of Capital Markets at Plume Network, joins us to talk about how real-world assets are being brought onchain, the tradeoffs between permissioning and composability, and what how they plug into DeFi as we know it.

In this episode, we talk with Jen Lee, Product Manager at Stripe, about how the company is approaching stablecoin payments and what early merchant adoption looks like.

We explore prediction markets as “world truth machines” — how they monetize knowledge, why timing finally clicked, and where the next breakout category might come from with Neel Daftary from Delphi Digital.