Archive

🧠 Prediction Markets are better markets*

*They're just worse at protecting the consumer than the sportsbooks they're competing with. And that's something we have to fix.

Aug 9, 2026

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14 min read

🧠 The FDIC wants a rulebook for bank fintech partnerships

Ten years after every company became a fintech company, the regulator may seed-fund the standards body. Plus Block runs Square on its own bank rails, Chime posts back-to-back profits, and Cloudflare gives AI agents a wallet.

Aug 6, 2026

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12 min read

🧠 Netting is all you need

17 of America's biggest banks just put deposits onchain and skipped stablecoins. The reason is a 50-year-old trick, and stablecoins are about to steal it back

🧠 Prediction markets are massive. Now states are suing.

Aug 2, 2026

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13 min read

🧠 Prediction markets are massive. Now states are suing.

Robinhood earns more from event contracts than stocks or crypto. New York wants Kalshi shut down. Plus Increase buys a bank, Dakota wants a charter, and X Money pays 6%.

🧠 Augustus, Wise and Erebor walk into the OCC

Jul 30, 2026

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12 min read

🧠 Augustus, Wise and Erebor walk into the OCC

Two came out with a charter. One came out with a letter.

🧠 Stripe's $10bn OpenRouter Bid | Revolut Hits $115bn

Jul 26, 2026

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13 min read

🧠 Stripe's $10bn OpenRouter Bid | Revolut Hits $115bn

Stripe is in talks to buy OpenRouter at ~$10bn and own both sides of the AI P&L. Revolut confirms $115bn. Augustus raises $180m to take on Citi's franchise.

🧠 Where is the trillion-dollar fintech company?

Jul 23, 2026

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10 min read

🧠 Where is the trillion-dollar fintech company?

There aren’t any. Yet. But it’s now possible, because AI and tokenization remove the two barriers.

Jul 19, 2026

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16 min read

🧠 Stripe's $53bn PayPal Gamble

The biggest payments takeover ever attempted might be Stripe's biggest distraction. Plus: every US stock becomes a token in October, and GPUs get a futures market.

🧠 Finance Agents and the Optimization Economy

Jul 16, 2026

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8 min read

🧠 Finance Agents and the Optimization Economy

The most valuable consumer in America already shops through an AI chat. But they’ve drawn a line at paying.

Jul 12, 2026

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16 min read

🧠 Getting a charter was the easy part

Circle's final approval drops. Klarna files in Utah, Sony's crypto bank wins conditional OCC approval, and four megabanks circle Fiserv's STAR network. Plus Kalshi loses in the SDNY and Ramp gives AI agents cards.

Jul 9, 2026

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9 min read

🤖 Will AI make dotcom look like a blip?

The biggest capital boom ever measured has no unsold inventory. What that means for your dollars and your energy

Jul 5, 2026

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