This is a web version of
The Lever’s daily email newsletter.🎧 ICYMI on Lever Time: Law enforcement has been laying the groundwork for Trump’s authoritarian takeover.
👇 Spend three minutes reading this 988-word newsletter to learn about:
- Who’s taking prediction markets mainstream.
- The hidden cost of ChatGPT.
- A $150 million hostile takeover of cable news.
- The Amazon Prime Day deals that never were.
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TODAY'S NUGGETS
💸 Wall Street bets. The financial behemoth that owns the New York Stock Exchange is investing up to $2 billion in Polymarket, an online cryptocurrency-based betting app that, until this year, was banned from operating in the United States. The platform was fined $1.4 million by Biden regulators for taking illegal bets from U.S. users, but the Trump admin dropped the case this summer — giving Polymarket the green light to operate in America. In a joint statement, Intercontinental Exchange (headed by the husband of the current Small Business Administration chief, Kelly Loeffler) and Polymarket said the new deal “marks a major step in bringing prediction markets into the financial mainstream.”
