Latest / The Paul Barron Crypto Show / Wallstreet Joins Polymarket!🚀$500 billion Coming?🔥

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Wallstreet Joins Polymarket!🚀$500 billion Coming?🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's get into some polymarket news. Could see a half
• 0:02
  Speaker 1: a trillion dollar company coming into the New York Stock Exchange.
• 0:05
  Speaker 1: This is what we're going to break down today. I
• 0:06
  Speaker 1: think you'll love it. I do want to thank our sponsor,
• 0:09
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• 0:20
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• 0:34
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• 0:36
  Speaker 1: below to get started in self custody. Let's kind of
• 0:39
  Speaker 1: lead off here with a couple of things that I
• 0:41
  Speaker 1: want to go to. One is Shane Copeland and his
• 0:44
  Speaker 1: tweet right here. We're proud to announce that ICE, the
• 0:46
  Speaker 1: owner of the New York Stock Exchange and the largest
• 0:49
  Speaker 1: exchange company in the world, is making a strategic investment
• 0:53
  Speaker 1: of two billion dollars in polymarket. This will put the
• 0:56
  Speaker 1: valuation at around nine billion post money and the partnership
• 0:59
  Speaker 1: right now as a major step in bringing prediction markets
• 1:02
  Speaker 1: to the financial mainstream. Imagine what it would look like
• 1:06
  Speaker 1: if Wall Street could actually make bets on elections, or
• 1:11
  Speaker 1: sporting or things like the fad or almost anything you
• 1:16
  Speaker 1: can imagine in terms of a prediction market. That's the
• 1:18
  Speaker 1: kind of scenario that could play out here with Polymarket
• 1:21
  Speaker 1: Ice right there taking a minority stake in Polymarket at a
• 1:24
  Speaker 1: nine nine billion valuation.
• 1:26
  Speaker 2: Ice was up.
• 1:27
  Speaker 1: Four percent in pre market in pre market trading, so
• 1:31
  Speaker 1: immediate hit to them.
• 1:32
  Speaker 2: That was a good move.
• 1:33
  Speaker 1: And you kind of see their Wall Street banner right there,
• 1:36
  Speaker 1: against all odds, and I would agree with that, as
• 1:38
  Speaker 1: Copeland has been against all odds for quite some time.
• 1:41
  Speaker 1: All Right, so let me go to a clip real quick.
• 1:43
  Speaker 1: This is Polymarket and Ice announcing the partnership.
• 1:45
  Speaker 2: Take a look.
• 1:46
  Speaker 3: I guess if you can't beat them, join them.
• 1:48
  Speaker 4: That seems to be.
• 1:49
  Speaker 2: The case, Sarin, old money meets new money. How do
• 1:52
  Speaker 2: you feel about partnering with the old guy?
• 1:54
  Speaker 4: I mean, just look at us, right, I'm old involved,
• 1:57
  Speaker 4: he's young.
• 1:57
  Speaker 2: And mop headed.
• 1:58
  Speaker 4: I have a closet full of ties. I don't think
• 2:00
  Speaker 4: he owns a tie.
• 2:01
  Speaker 3: The company that we're sitting in was started in seventeen
• 2:04
  Speaker 3: ninety two. He's got the hottest financial services company in
• 2:07
  Speaker 3: twenty twenty five. This company is probably the most distributed
• 2:11
  Speaker 3: company in the world inside of the financial services industry
• 2:15
  Speaker 3: and the existing banking system.
• 2:16
  Speaker 4: Initially, we're going.
• 2:17
  Speaker 2: To be distributing his data.
• 2:19
  Speaker 3: I think, even for you, Andrew is becoming hot news.
• 2:24
  Speaker 3: But he and his engineers have already been working with
• 2:26
  Speaker 3: our team, and I'm telling you they're out there. They
• 2:29
  Speaker 3: understand where the puck is going, and we're following them
• 2:33
  Speaker 3: to make sure that we don't get this intermediated.
• 2:37
  Speaker 5: Older juggernaut companies they make announcements about different types of
• 2:41
  Speaker 5: things they're going to do with cutting age technology. But
• 2:43
  Speaker 5: with what we're doing, there's going to be real bike.
• 2:45
  Speaker 5: How soon is the US market going to be able
• 2:48
  Speaker 5: to have access? It's happening very soon. We're going to
• 2:51
  Speaker 5: be rolling out the beta this month. A few people
• 2:53
  Speaker 5: have been on it and being called.
• 3:00
  Speaker 2: I love Copeland. He's so natural about this.
• 3:03
  Speaker 1: But point being, right now, guys, we're getting ready to
• 3:05
  Speaker 1: see polymarket on US soil markets, on everything You're gonna
• 3:10
  Speaker 1: be able to get an invite right now for those
• 3:12
  Speaker 1: who are interested in going that direction versus the DeFi route.
• 3:15
  Speaker 1: You can actually go over to Polymarket dot Us there's
• 3:18
  Speaker 1: the landing Paige. Put your phone number in and get
• 3:20
  Speaker 1: an early invite for that. I think there's like sixty
• 3:22
  Speaker 1: thousand people on the wait list for this.
• 3:24
  Speaker 2: Thing right now.
• 3:24
  Speaker 1: And it's interesting because remember we showed this last week
• 3:28
  Speaker 1: and it was an interesting clip and you guys probably
• 3:31
  Speaker 1: saw that. But right there was Terrence Duffy, you guys
• 3:33
  Speaker 1: know who that is. He gave you know, the International
• 3:36
  Speaker 1: Sign of Freedom and friendship to to Shane, and Jeffrey
• 3:41
  Speaker 1: was right there in the middle. So I think that
• 3:43
  Speaker 1: might have created the bond right there that started to
• 3:46
  Speaker 1: move on what we're seeing right now in the market.
• 3:48
  Speaker 1: Let me go over to another one because this is
• 3:50
  Speaker 1: where Spreecher was actually defending Copeland.
• 3:53
  Speaker 5: Take a look, and we're left with consumers having to
• 3:57
  Speaker 5: you know, work with guys like you who are a
• 3:59
  Speaker 5: lot older. I may not with all the respects, but may.
• 4:05
  Speaker 4: Not understand entrepreneurs. You know, like Shane and Tarique. They
• 4:09
  Speaker 4: both gentlemen have gone through significant personal sacrifice to get
• 4:15
  Speaker 4: to where they are today sacrifice that that the public
• 4:18
  Speaker 4: exchanges up here couldn't tolerate. I was falsely accused of
• 4:21
  Speaker 4: something and was rated by the FBI. I thought about
• 4:24
  Speaker 4: it and I said, you know, I don't really know
• 4:26
  Speaker 4: this guy. I don't really want to get involved, and
• 4:28
  Speaker 4: but that weighed on me. And ultimately, when when Shane
• 4:32
  Speaker 4: was exonerated, I picked up the phone and said, I
• 4:35
  Speaker 4: have something in common with you, and I'd love to
• 4:37
  Speaker 4: sit down and talk about whether or not we could
• 4:39
  Speaker 4: compare notes.
• 4:41
  Speaker 1: Interesting. I did not know that about Spreacher. So intriguing,
• 4:46
  Speaker 1: you know bedfellows there. Well, the point being is is
• 4:49
  Speaker 1: that if you look at the competition, there's really only
• 4:52
  Speaker 1: one other player player out there, and that's Calshi. And
• 4:55
  Speaker 1: if you look at the notional volume by category right
• 4:58
  Speaker 1: now between Polymarket and calsh the leader right now is
• 5:01
  Speaker 1: mostly sports.
• 5:02
  Speaker 2: It's that big yellow section right there.
• 5:05
  Speaker 1: You can kind of see it if you pull that away,
• 5:07
  Speaker 1: look at the volume differentiation. This is mostly what cal
• 5:10
  Speaker 1: She is driving on right now. Versus when you look
• 5:13
  Speaker 1: at Polymarket, we're seeing a blend of crypto, you.
• 5:16
  Speaker 2: Know, politics, sports.
• 5:18
  Speaker 1: This is a much healthier, I think platform in terms
• 5:21
  Speaker 1: of flexibility and also being able to draw in users
• 5:24
  Speaker 1: that are interested across a lot of different interests. So
• 5:27
  Speaker 1: that is a big factor, I think. And as you
• 5:29
  Speaker 1: start to see, remember Polymarket not available in the US yet,
• 5:32
  Speaker 1: so when that happens, I think that will be the domination.
• 5:35
  Speaker 2: Of the two sectors out there.
• 5:37
  Speaker 1: Now I'm not saying that they win automatically. Calshi could
• 5:40
  Speaker 1: come out and do something to defend against this, but
• 5:43
  Speaker 1: right now Blue is definitely dominating Green, as this tweet says,
• 5:47
  Speaker 1: and you know what that means. You can kind of
• 5:49
  Speaker 1: look at Polymarket. I'll just pop in on this a
• 5:51
  Speaker 1: little bit closer. Look at this when you pull away
• 5:54
  Speaker 1: the sports component, that's the mix in terms of Polymarket
• 5:58
  Speaker 1: domination and yet to really have the US market.
• 6:01
  Speaker 2: So let's go over to some partnerships.
• 6:03
  Speaker 1: This of course was Polymarket and the X partnership announcement
• 6:07
  Speaker 1: that was an official partnership. Then, of course you started
• 6:09
  Speaker 1: to see this massive news feed breaking in which I
• 6:12
  Speaker 1: would say is one of the best news feeds out
• 6:14
  Speaker 1: there right now outside of maybe Perplexity, Perpetuity's got a
• 6:17
  Speaker 1: pretty good one as well, and worth mentioning that, of course,
• 6:20
  Speaker 1: Perplexity running on Polymarket.
• 6:22
  Speaker 2: Let's take a look over though.
• 6:24
  Speaker 1: If you remember caw she was out there doing a
• 6:26
  Speaker 1: lot of different kind of deals claiming that there was an.
• 6:29
  Speaker 2: Actual Xai deal.
• 6:32
  Speaker 1: That story was actually retracted though, so no deal was
• 6:35
  Speaker 1: in place. I think cal she's to do some catching
• 6:38
  Speaker 1: up to try to keep up with Copeland and what
• 6:39
  Speaker 1: they're doing. One thing to consider with polymarket are some
• 6:43
  Speaker 1: of the third party builders that are outside think of
• 6:45
  Speaker 1: this much like a platform. In the early days, Twitter
• 6:48
  Speaker 1: used to do this. I wonder if Pollymarket will take
• 6:51
  Speaker 1: that tact in terms of using the ability to grow
• 6:55
  Speaker 1: the ecosystem and then sucking some of those features into
• 6:58
  Speaker 1: the tool set themselves. I don't know, we'll see if
• 7:01
  Speaker 1: that plays out over time. Other things, remember stocks Twitz,
• 7:05
  Speaker 1: this was another partnership. Now on Polymarket, you've also got
• 7:09
  Speaker 1: Polymarket getting investment capital from seventeen eighty nine, this being
• 7:12
  Speaker 1: the Trump Don Junior's back company.
• 7:15
  Speaker 2: That was another big move.
• 7:16
  Speaker 1: And of course I got another clip for you because
• 7:18
  Speaker 1: this will go into a little bit more detail on
• 7:21
  Speaker 1: where remember if you guys know Nate Silverman and the
• 7:25
  Speaker 1: five thirty eight Poles, if you haven't checked those out, they're.
• 7:29
  Speaker 2: Mostly political polls.
• 7:30
  Speaker 1: But this was the example of polymarket actually doing better
• 7:35
  Speaker 1: than five point thirty eight.
• 7:36
  Speaker 6: Take a look, if you look at the five thirty
• 7:38
  Speaker 6: eight final polling average, it was forty eight for Harris,
• 7:41
  Speaker 6: forty seven for Trump. What did Harris wind up getting
• 7:43
  Speaker 6: She's at about forty eight point two Trump though, at
• 7:46
  Speaker 6: fifty percent. So the polls underestimated Trump support again, which
• 7:50
  Speaker 6: is what we saw on the last two elections. And
• 7:52
  Speaker 6: when you look at the state poles, it was also
• 7:55
  Speaker 6: the same sort of story. Across all seven battleground states.
• 7:58
  Speaker 6: Trump's support was underestimated buy anywhere from two to four points.
• 8:03
  Speaker 2: And you know that.
• 8:04
  Speaker 6: And I feel like we say that every election about
• 8:06
  Speaker 6: what the polls are going.
• 8:07
  Speaker 1: To have to do a new phenomenon, and that's gimbling
• 8:10
  Speaker 1: polls and call it the poll pole.
• 8:12
  Speaker 2: Is something I've never heard of, the polly market.
• 8:14
  Speaker 6: Polly market, I guess at sixty four to thirty eight.
• 8:19
  Speaker 2: So that's that bad.
• 8:20
  Speaker 6: I don't know what the hell it means, but it
• 8:21
  Speaker 6: means that we're doing volley pole.
• 8:24
  Speaker 2: I love it. Pollypole. Trump sometimes I don't think he
• 8:26
  Speaker 2: has a clue.
• 8:27
  Speaker 1: I really don't remember though, that Nate Silver, the guy
• 8:32
  Speaker 1: who created five thirty eight actually joined polymarket in creating
• 8:35
  Speaker 1: prediction markets now, so the clarity is there. This is
• 8:38
  Speaker 1: going to be one of the key things I think
• 8:40
  Speaker 1: as we'll see elections play into this, sporting events and
• 8:43
  Speaker 1: all sorts of things within the finance sector.
• 8:45
  Speaker 2: For sure.
• 8:46
  Speaker 1: Polymarket stable coins also are leading the way in terms
• 8:49
  Speaker 1: of what you can do with a stable coin as
• 8:51
  Speaker 1: you start to engage and set up your markets inside
• 8:55
  Speaker 1: of polymarket. This is where it gets intriguing because poly
• 8:59
  Speaker 1: market now pays out the heighest inter rates interest rates
• 9:01
  Speaker 1: of any prediction market. They're paying four percent annualized rewards
• 9:04
  Speaker 1: paid out daily to any open positions on USDC. So
• 9:10
  Speaker 1: that is a very unique component. That is a big
• 9:13
  Speaker 1: feature I think that many people don't realize that is
• 9:16
  Speaker 1: even available because of crypto and blockchain. That's one of
• 9:19
  Speaker 1: the reasons we're starting to see those kind of features
• 9:22
  Speaker 1: and benefits. This is the total deposit right there on
• 9:26
  Speaker 1: USDC for deposit end staves, and obviously this could affect
• 9:31
  Speaker 1: a little bit of where maybe circle in USDC will
• 9:34
  Speaker 1: go once that Polymarket shifts over to a new stable coin,
• 9:39
  Speaker 1: which is going to happen. So if that does occur
• 9:42
  Speaker 1: be on the lookout right there. So here's kind of
• 9:44
  Speaker 1: the tokenization play. You'll notice here Ice and this partnership
• 9:49
  Speaker 1: could signal that they're trying to work into DeFi. DeFi
• 9:53
  Speaker 1: would essentially go through Polygon because Polygon polymarket.
• 9:57
  Speaker 2: All tied together.
• 9:58
  Speaker 1: You look at DeFi or excuse me, the tv over
• 10:00
  Speaker 1: on stable coins, if you look further on down into
• 10:03
  Speaker 1: the charts, you'll start to see. Let me kind of
• 10:06
  Speaker 1: zoom in on this for you guys. As polymarket rises
• 10:09
  Speaker 1: in the prediction market, this TVL is going to continue
• 10:12
  Speaker 1: to rise. So with polymarket rises Polygon. So this is
• 10:15
  Speaker 1: a big app opportunity in terms of polyon token polymarket
• 10:19
  Speaker 1: is v poly is trading over on the token I
• 10:21
  Speaker 1: side on ventuals. And this is interesting because it's setting
• 10:24
  Speaker 1: it around ten billion implied value right now.
• 10:26
  Speaker 2: You can kind of see it right there at the top.
• 10:28
  Speaker 1: Remember the nine billion valuation on the investment capital that
• 10:32
  Speaker 1: Ice made. And if you look at this in the
• 10:35
  Speaker 1: capacity of what the New York Stock Exchange could do
• 10:38
  Speaker 1: in terms of DeFi, I mean, this could be this
• 10:41
  Speaker 1: is where polymarket literally and Ice could end up being
• 10:44
  Speaker 1: worth half a trillion in terms of value. Think about
• 10:47
  Speaker 1: that because of the access not only to the US market,
• 10:50
  Speaker 1: but global markets around prediction. I think this is going
• 10:54
  Speaker 1: to be a huge, huge play coming soon. Now Here
• 10:57
  Speaker 1: is ARC and Kathy Wood starting to detach away from
• 11:02
  Speaker 1: Draft Kings because I think Draft Kings will be one
• 11:04
  Speaker 1: of the one of the companies that will be impacted
• 11:08
  Speaker 1: by this kind of market and prediction strategy that's being
• 11:12
  Speaker 1: used by both Calshi and Polymarket. And she's starting to
• 11:15
  Speaker 1: move into some other aspects. If you kind of compare
• 11:19
  Speaker 1: bitmine right there is above circle, there's Robinhood and even
• 11:23
  Speaker 1: roadblocks in there, Palenteer holding in coinbase, and Tasla out
• 11:27
  Speaker 1: rounding out. So it's very possible we could start to
• 11:29
  Speaker 1: see once Polymarket starts to actually drop a token, then
• 11:33
  Speaker 1: we'll get a chance, I think, to start to see
• 11:35
  Speaker 1: some activity in other markets around this Calshi versus Polymarket.
• 11:40
  Speaker 1: This is where the key opinion leader wars have begun.
• 11:44
  Speaker 1: I don't know about this because you know I'm watching
• 11:47
  Speaker 1: this on X all the time. It's interesting because of
• 11:51
  Speaker 1: there seems to be a division. It seems like almost
• 11:53
  Speaker 1: cultish like where you get the Calshi people and you
• 11:56
  Speaker 1: get the Polymarket people. I'm gonna run some polls out
• 11:58
  Speaker 1: there to see what you guys. And by the way,
• 12:01
  Speaker 1: let me know down in the comments, which one are
• 12:04
  Speaker 1: you using? Which one do you believe is going to
• 12:06
  Speaker 1: win here at least in the United States. Remember Calhi
• 12:09
  Speaker 1: is actually in now and in fact embedded into robin
• 12:12
  Speaker 1: Hood and is legal here in the United States, where
• 12:16
  Speaker 1: Polymarket is not there yet and not necessarily embedded into
• 12:20
  Speaker 1: any kind of crypto exchanges. That could kind of help
• 12:23
  Speaker 1: onboard a massive audience. So let me know what you
• 12:25
  Speaker 1: guys think. But if you end up winning a community,
• 12:28
  Speaker 1: and remember Polymarket Global versus Calshi mostly US, this will
• 12:33
  Speaker 1: get interesting fast if you consider the exposure.
• 12:36
  Speaker 2: To the Web three community through the AG layer.
• 12:38
  Speaker 1: You've got to look at this right here, as Polygon
• 12:41
  Speaker 1: is now collaborating with Immutable again, a lot of games
• 12:44
  Speaker 1: launching there on plays Polygon's Immutable plays polygon Hub, and
• 12:50
  Speaker 1: this could open up some opportunities here to tie all
• 12:52
  Speaker 1: this together. So still another big benefit I think in general,
• 12:57
  Speaker 1: And just to take a look on RBA's Polygon holding
• 13:00
  Speaker 1: the number three slot right now, so above Arbitram and
• 13:03
  Speaker 1: above Avalanche and even Aptos, so those in themselves, I
• 13:07
  Speaker 1: think continue to hold down a great opportunity where all
• 13:10
  Speaker 1: this is going. All right, So if you go over
• 13:11
  Speaker 1: to the Polygon chart, I'm going into the Mattic chart
• 13:13
  Speaker 1: here just to show you the age. But look at
• 13:16
  Speaker 1: the high on where Polygon was at around two eighty nine.
• 13:19
  Speaker 1: This is coming back in of course in December of
• 13:21
  Speaker 1: twenty twenty one, last top of the bull market to
• 13:25
  Speaker 1: where we are now, and we are holding it around
• 13:28
  Speaker 1: right at twenty three point twenty three as we're making
• 13:32
  Speaker 1: this video today, even under where Polygon actually got kicked off,
• 13:37
  Speaker 1: which was around thirty three cent. So this may be
• 13:40
  Speaker 1: the time, guys, if we're going to see a breakout
• 13:43
  Speaker 1: on something, this might be an opportunity where Polygon could
• 13:47
  Speaker 1: get a little bit of a run here. And if
• 13:50
  Speaker 1: you just take a look at that furtherest down to
• 13:53
  Speaker 1: where it is right there, Look at that growth right there.
• 13:55
  Speaker 1: That's still a fifty three percent move just in a
• 13:57
  Speaker 1: very short period of time and nothing has really been
• 14:01
  Speaker 1: transitioned yet. And it's still very very early in this
• 14:05
  Speaker 1: ecosystem around defive prediction markets and how Polygon can tie
• 14:09
  Speaker 1: into all of this. So we're going to be covering
• 14:12
  Speaker 1: this and a lot more. Of course, the markets are
• 14:13
  Speaker 1: on fire today. We'll get a lot more of that
• 14:16
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• 14:29
  Speaker 1: right here on the Paul Baron Show.