Polymarket CEO Shayne Coplan: Polls vs. Prediction Markets 11/07/24
Squawk Pod7 Nov 2024

Polymarket CEO Shayne Coplan: Polls vs. Prediction Markets 11/07/24

In the week leading up to election day, presidential election contracts on Polymarket, Kalshi, and PredictIt all indicated Donald Trump had a wider lead ahead of Kamala Harris than traditional polls. In his first-ever TV interview, Polymarket CEO Shayne Coplan discusses his company’s role in elections and the rising popularity of prediction markets, which allow bettors to wager on election outcomes. The Wall Street Journal’s Tim Higgins highlights Elon Musk’s influence among young men, saying Musk gave them “purpose” in voting for Trump. Plus, the House race remains uncalled, smart ring maker Oura is out with a new report on election day stress levels, and Wall Street awaits the Federal Reserve’s next rate cut decision.

Shayne Coplan - 14:51

Tim Higgins - 32:15

In this episode:

Shayne Coplan, @shayne_coplan

Tim Higgins, @timkhiggins

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY


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Episoder(1713)

Virus Vaccine is One Step Closer

Virus Vaccine is One Step Closer

“This is a bit of a moonshot for J&J.” Chairman and CEO of Johnson & Johnson Alex Gorsky discusses its experimental vaccine for COVID-19 that will begin clinical trials by September, and could be available for emergency use authorization in early 2021. Former FDA Commissioner Dr. Scott Gottlieb says deaths in the U-S related to the virus would likely peak toward the end of April and suggests that life might start returning to normal after the middle of May. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

30 Mar 202017min

Dr. Atul Gawande: We need a national shelter-in-place

Dr. Atul Gawande: We need a national shelter-in-place

Surgeon, author, and CEO of Haven, the joint health care venture between JPMorgan, Amazon, and Berkshire Hathaway, Dr. Atul Gawande shares what U.S. systems need while under pandemic-induced duress. Plus, some Friday news (and booze) you can use: Katie Kramer gets tips for virtual happy hours from Food and Wine Executive Wine Editor Ray Isle. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

27 Mar 202014min

Paul Tudor Jones: We’re going to kick this bug’s ass

Paul Tudor Jones: We’re going to kick this bug’s ass

"America can beat this thing. Humanity can beat this thing.” Hedge fund titan and philanthropist Paul Tudor Jones says investors can take heart in the United States’ fiscal “nuclear bomb.” Jones was the first money manager to raise concerns about the coronavirus back in January; in a colorful, emotional interview today, he weighs in on the pandemic’s shock to the U.S. economy and the American workforce.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

26 Mar 202028min

Ben Bernanke: This is closer to a snowstorm than the Depression

Ben Bernanke: This is closer to a snowstorm than the Depression

“It is important before we put everybody back to work that we feel like we have the public health situation under control.” Former Federal Reserve Chairman Ben Bernanke led the Fed during the 2008 financial crisis and the subsequent recession; now he’s weighing in on the Fed’s playbook to prevent another American recession in 2020. As a student of the Great Depression, he views today’s economic distress as much closer to a natural disaster than the economic downturn of the 1930s. Current President of the St. Louis Federal Reserve James Bullard calls for historical perspective as well, telling the public, “Don’t get discouraged, because this isn’t at all comparable to past events in U.S. macroeconomic history.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

25 Mar 202028min

Boeing CEO on Airline Bailouts; Covid-19 Test Ramp Up

Boeing CEO on Airline Bailouts; Covid-19 Test Ramp Up

“If there is no government support…we can still find our way to the other side. But if it goes on for 8 months, probably not.” Boeing CEO Dave Calhoun considers the future of his company with and without an industry bailout. Covid-19 test producer LabCorp is rolling out 20,000 tests per day. CEO Adam Schechter urges Americans to continue social distancing while healthcare companies and the government work to curb the pandemic.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

24 Mar 202028min

Hedge Funder: Shut the markets down

Hedge Funder: Shut the markets down

Hedge fund manager Kyle Bass is calling for the U.S. markets to be shut down completely as coronavirus cases continue to grow worldwide. Allianz Chief Economic Advisor Mohamed El-Erian envisions a long, arduous journey to the other side of this market turmoil. One of the biggest landlords in the New York tri-state area, Richard LeFrak, addresses calls for a mortgage and rent “holiday” as workers follow shelter-in-place mandates and miss paychecks.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

23 Mar 202022min

Former FDA Chief: There’s an end to this

Former FDA Chief: There’s an end to this

Dr. Scott Gottlieb considers the next steps in the U.S. response to pandemic, including a nation-wide tech strategy for Covid-19 screenings. The Federal Reserve has employed billions to buoy the American economy, and it still has more work to do, according to former Federal Reserve Governor, Kevin Warsh.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

20 Mar 202028min

A Restaurateur in Crisis and Hedge Fund Titan Ray Dalio

A Restaurateur in Crisis and Hedge Fund Titan Ray Dalio

“I don’t want people to mass panic, I want people to think.” Ray Dalio, founder of Bridgewater, the largest hedge fund in the world, considers the market downturn and what’s needed from investors and the Federal Reserve to relieve economic anxiety. Cameron Mitchell, founder and CEO of Cameron Mitchell Restaurants, has closed each of his restaurants in over a dozen states and cut his staff from 4000+ to a mere six. He considers the wide impact of pandemic-prompted shutdowns across the service industry. CEO of Boston Consulting Group Rich Lesser has been speaking with other CEOs around the world; he maps out the long term costs of business slowdown.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

19 Mar 202044min

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