Matt and Nic are back for another week of news and deals. In this episode:

• We review the US Open
• The Clippers scandal
• Fantasy football and the efficient market hypothesis
• Tax treatment of sports betting on Poly versus sports betting apps
• Are prediction markets more efficient than bookies?
• Galaxy launches a tokenized version of their stock
• NASDAQ is adding supervision rules for DATs
• Is it over for the DATs?
• World Liberty Fi launches and gets into a fight with Justin Sun
• Gemini files to go public
• Stripe releases details around their Tempo L1
• Some academics have an explanation for why MSTR might trade at a persistent premium

Content mentioned in this episode:

• Nic on Substack, Situating Stablecoins in the Payments Landscape
• Valuing Microstrategy