Delphi Digital analyst Jason Pagoulatos says AI infrastructure spending and speculative demand driven by housing, debt and jobs pressures are rising together, and recommends holding platforms that match trades rather than the assets traded on them. Kalshi and Polymarket traded $53bn combined in July, about 25 times a year earlier, while Robinhood's second-quarter event-contract revenue of $156m topped its equities ($129m) and crypto ($100m) businesses.
Jason Pagoulatos says speculation will define the decade and favours trading platforms over traded…
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