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Prediction markets are having a moment of reckoning. Sharp bettors are starting to call out PM platforms for the same behavior that made traditional sportsbooks notorious: squeezing out the very winners who helped legitimize the space in the first place. From new maker fees quietly eating into sharp profits to a "pro gambler arc" meme capturing the entire cycle of boom, backlash, and burnout, this week's Circle Back digs into whether prediction markets are already repeating the mistakes of the sportsbooks they were supposed to replace. Host Jacob Gramegna is joined live by Joey Knish, Thon Misser, and Peanut to break down the fee structures, the hypocrisy accusations flying between market makers and sharp takers, and what it all means for anyone trying to get a long-term edge in this new market. Presented by ProphetX.
Drew Powers is the Founder of Powers Financial Group, LLC, a Registered Investment Advisor. He specializes in advanced insurance and investment strategies for doctors. Drew is 100% independent, he doesn't work with any investment or insurance company, which means he's able to give unbiased advice that is most beneficial for his clients. Drew started his career in 2001 as a Market Maker on the Chicago Board Options Exchange, where he managed trading portfolios comprising hundreds of equity- and equity-index option listings. In 2008, he transitioned to the role of Financial Advisor and Investment Advisor Representative, where he helped clients develop individual financial strategies. At Powers Financial Group, Drew leverages his stock and options trading expertise with his financial advising experience to help clients increase and protect their wealth. Drew lives in Naperville with his wife and their two children. He is an avid downhill skier, active in youth sports, a proud "Rooster" within the Naperville Jaycees, and is passionate about CrossFit and the Paleo/Primal Lifestyle.
¿Qué harías si mañana te ganaras el Powerball?
CONHEÇA O CURSO DO PROTOCOLO ANTI-RISCO: https://store.mmakers.com.br/protocolo-anti-risco-macd05?xpromo=MI-TRPT-YT-DESCRICAO-X-20260811-DESCRICAOSOBREPODCAST-MM-XComo proteger sua carteira antes que o mercado mude?Neste episódio do Market Makers, Thiago Salomão e Leopoldo Rosa recebem José Faria Júnior, sócio da Wagner Investimentos e professor do Market Makers Academy, para entender como um investidor pode interpretar juros, inflação, dólar, bolsa e os principais indicadores econômicos para tomar melhores decisões.O objetivo não é tentar prever o futuro.É entender quais sinais acompanhar para reconhecer mudanças de cenário, identificar riscos e encontrar oportunidades antes de tomar decisões sobre sua carteira.Ao longo da conversa, falamos sobre economia brasileira, Selic, inflação, renda fixa, bolsa, dólar, cenário internacional, política monetária, Fed e os riscos que podem mexer com os mercados.Neste episódio:• Como interpretar o cenário econômico• Juros e inflação• Selic e renda fixa• Dólar e câmbio• Bolsa brasileira• Economia americana e Fed• Indicadores antecedentes• Riscos para o investidor• Como proteger a carteira• Como identificar mudanças de cenárioAbra sua conta na Binance: https://binance.onelink.me/y874/MMAkers
Você provavelmente já jogou dinheiro no lixo sem perceber.Uma embalagem de shampoo, perfume, maquiagem ou outro produto descartada no lugar errado pode perder completamente a possibilidade de reciclagem. E esse é apenas o começo de uma gigantesca cadeia econômica que a maioria dos brasileiros nunca enxerga.Neste episódio do Market Makers, Thiago Salomão e Leopoldo Rosa recebem Fábio Brasiliano, Diretor Executivo de Desenvolvimento Sustentável da ABIHPEC, para entender como sustentabilidade, reciclagem e logística reversa funcionam na prática — e por que ESG também precisa fazer sentido economicamente para as empresas.Falamos sobre:• ESG, greenwashing e sustentabilidade nas empresas• Por que sustentabilidade precisa gerar resultado• Os milhares de lixões ainda existentes no Brasil• Como separar o lixo corretamente em casa• O que acontece depois que o caminhão da coleta leva seus recicláveis• O papel das cooperativas e dos catadores• Como funciona a logística reversa• Reciclagem de plástico, vidro, papel e alumínio• Economia circular e novas embalagens• O custo da inovação sustentável para a indústria• Como lixo pode gerar emprego, renda e novos negócios• O que Brasil, Japão, Europa e Estados Unidos fazem diferente• O futuro da reciclagem brasileira até 2040 e 2050Uma conversa sobre sustentabilidade, mas principalmente sobre economia, incentivos, negócios e responsabilidade.Porque, como diz Fábio durante o episódio: ESG também é sobre grana.
Confira os destaques do Jornal da Manhã desta sexta-feira (07): O Plenário do STF deve retomar o julgamento que definirá se a Lei Maria da Penha pode ser aplicada a casos de violência de gênero contra mulheres sem vínculo familiar, doméstico ou afetivo entre vítima e agressor. O caso, com repercussão geral, servirá de referência para processos semelhantes em todo o país. O julgamento foi iniciado em maio e retorna à pauta na semana em que a legislação completa 20 anos. Reportagem: Thaís Sprovieri. O candidato à Presidência pelo PL, Flávio Bolsonaro, afirmou que a decisão de não escolher uma mulher como vice ocorreu porque os nomes avaliados já tinham campanhas para outros cargos, além das dificuldades para formar alianças. Em entrevista ao podcast Market Makers, ele explicou que o partido passou a analisar nomes do próprio PL após as tentativas de buscar integrantes de outras legendas. A indicação de Alfredo Gaspar surgiu por sugestão do coordenador de campanha Rogério Marinho. Reportagem: Beatriz Manfredini. O presidente dos Estados Unidos, Donald Trump, assinou dois decretos que restringem novamente o acesso à cidadania americana por nascimento. As medidas miram casos de “turismo de nascimento” e crianças de integrantes de missões diplomáticas estrangeiras. As ordens representam uma nova tentativa de limitar o alcance da 14ª Emenda, que garante cidadania à maioria dos nascidos em território americano. A iniciativa ocorre pouco mais de um mês após a Suprema Corte barrar um decreto mais amplo sobre o tema. Reportagem: Paulo Édson Fiore. A Prefeitura do Rio de Janeiro informou que as aulas da rede municipal serão suspensas nesta sexta-feira (07) devido à previsão de fortes ventos. A rede estadual também adotou a medida por segurança, diante da possibilidade de rajadas superiores a 90 km/h. O país ainda enfrenta alerta de grande perigo para a formação de um ciclone bomba. O fenômeno pode provocar temporais, granizo e ventanias severas em algumas regiões. Reportagem: Rodrigo Viga. O governo de São Paulo instalou um Gabinete de Crise para monitorar os impactos da frente fria que chega ao estado. A Defesa Civil emitiu alerta para todo o território paulista devido à previsão de ventos fortes. O gabinete funcionará até sábado (08), quando são esperadas as condições mais severas. Segundo o CGE, rajadas podem chegar a 100 km/h entre sexta e sábado, acompanhadas de chuvas moderadas. Reportagem: Danúbia Braga. O ministro André Mendonça, do STF, recebeu o ministro da Justiça, Wellington César Lima e Silva, em meio ao aumento da tensão entre o gabinete do magistrado e a cúpula da Polícia Federal. No mesmo dia, os 27 superintendentes da PF divulgaram nota em apoio ao diretor-geral Andrei Rodrigues. A crise envolve desconfianças sobre as investigações das fraudes no INSS e do caso Banco Master, relatados por Mendonça. Jess Peixoto e Lucas Mehero comentaram. Reportagem: Marco Viana. A procura pela vacina contra o sarampo aumentou em São Paulo após a ampliação da campanha para toda a população de 6 meses a 59 anos. Com a alta demanda, 29 UBSs registraram desabastecimento pontual nesta quinta-feira (06). A informação foi confirmada pelo secretário municipal da Saúde, Luiz Carlos Zamarco. Reportagem: Danúbia Braga. O senador Jaques Wagner (PT-BA) não será ouvido pela Polícia Federal nesta sexta-feira (07) no âmbito da Operação Compliance Zero, que investiga o caso Banco Master. O depoimento marcado para a data foi desmarcado, segundo investigadores. Esta é a segunda oitiva cancelada nesta semana no inquérito que apura as relações entre Wagner e Augusto Lima, ex-sócio de Daniel Vorcaro. Reportagem: Marco Viana. Essas e outras notícias você acompanha no Jornal da Manhã. Learn more about your ad choices. Visit megaphone.fm/adchoices
Como Flávio Bolsonaro pretende vencer a eleição presidencial de 2026? E quais seriam as primeiras medidas de seu governo caso chegasse ao Palácio do Planalto?Neste episódio do Market Makers, Thiago Salomão e Leopoldo Rosa recebem Flávio Bolsonaro e Daniella Marques para uma conversa aprofundada sobre estratégia eleitoral, plano de governo e os desafios de administrar o Brasil.Flávio explica como pretende ampliar sua base eleitoral, construir alianças, enfrentar a rejeição e chegar competitivo ao segundo turno. Daniella Marques detalha os principais pilares econômicos do projeto, incluindo controle de gastos, impostos, crescimento, investimentos, emprego e reforma do Estado.Também discutimos:–Estratégia para vencer a eleição de 2026–Formação da chapa e escolha do vice–Relação com o Congresso Nacional–Diferenças em relação ao governo Jair Bolsonaro–Plano econômico e responsabilidade fiscal–Segurança pública e combate ao crime organizado–Saúde, educação e programas sociais–Privatizações e participação do Estado na economia–Política externa–Prioridades dos primeiros 100 diasAbra sua Conta Internacional na Nomad e ganhe até U$50 de cashback com o código de convidado MMAKERS50: https://link.nomadglobal.com/wIQT/MMAKERS50 (Leia os avisos legais: nomadglobal.com/legal)
A 22-year-old former OpenAI researcher built one of the hottest AI-focused hedge funds on Wall Street, generated extraordinary returns, then watched it unravel in spectacular fashion after a leveraged bet went wrong. Citadel stepped in to buy the portfolio, markets rebounded, and the episode raised important questions about AI investing, risk management and whether today's market is repeating the mistakes of the past.In this episode of Market Maker, Anthony Cheung and Piers Curran explain what really happened to Leopold Aschenbrenner's fund, why leverage can turn winning trades into disasters, how margin calls work, and why Ken Griffin and Citadel emerged as the biggest winners. They compare the story with the collapse of Long-Term Capital Management in 1998, showing why human psychology often matters more than intelligence in financial markets.They also break down why the S&P 500 has returned to record highs, what blockbuster earnings are telling us about the AI trade, whether semiconductor stocks have found a bottom, what falling oil prices mean for interest rates, and whether today's rally is built on solid foundations or growing optimism.Whether you're investing in AI, preparing for a career in finance, or simply trying to better understand global markets, this episode explains the biggest stories shaping Wall Street and what they could mean for investors next.(00:00) The AI Hedge Fund That Blew Up(02:00) Who Is Leopold Aschenbrenner?(05:30) 439% Returns... Then Disaster(08:04) How Leverage Really Works(14:28) Margin Calls Explained(19:45) Why Citadel Bought the Portfolio(24:11) The Ken Griffin Playbook(27:00) The LTCM Crash Comparison(31:08) The Psychology of Greed(37:22) Why the S&P 500 Hit Record Highs(41:53) Is the AI Trade Back?
Luiz Eduardo Baptista, o BAP, presidente do Flamengo, revela o plano para transformar a força de uma torcida de milhões de pessoas em uma das maiores plataformas de mídia, comércio e entretenimento esportivo do mundo.Neste episódio do Market Makers, em parceria com o Sports Market Makers, BAP explica como o Flamengo saiu de uma situação próxima da insolvência para superar R$ 2 bilhões de receita — e por que acredita que o próximo salto do clube virá da Flamengo TV, da marca própria, do e-commerce e da monetização direta do relacionamento com o torcedor.BAP também abre o jogo sobre:-O potencial de receita da Flamengo TV-A possibilidade de o Flamengo vender seus jogos diretamente-O futuro do contrato com a Adidas e da marca própria-O projeto do novo estádio do Flamengo-A relação com o Maracanã-SAFs e recuperação judicial no futebol-Fair play financeiro e as dívidas dos clubes brasileiros-A formação de uma liga nacional-A relação entre Flamengo, Palmeiras e Leila Pereira-A profissionalização e a reforma do estatuto do Flamengo-Os mecanismos criados para impedir uma nova gestão irresponsável-O futuro comercial e esportivo do clubeInscreva-se no Market Makers e ative as notificações para acompanhar as principais conversas sobre investimentos, negócios, economia e os bastidores financeiros do esporte.Conheça também o Sports Market Makers: @SportsMMakers Abra sua conta na Binance: https://binance.onelink.me/y874/MMAkersFALE COM UM CONSULTOR DA iPLACE: https://hovqr.me/80d97140
EPISODE DESCRIPTION I sit down with Martin Pokorski from Skynet Trading , one of the earliest market makers in the space, operating since 2019 , to pull back the curtain on what's really happening inside token markets. Martin breaks down what founders consistently get wrong about liquidity, why checking CoinGecko every day is not a liquidity strategy, and what a proper liquidity audit actually reveals that surface-level metrics will never show you. We talk about the infamous "Houdini liquidity" trick, why some billion-dollar market cap projects have no product, and why thinking liquidity-first before your listing strategy could be the most important decision you make as a founder. If you're a VC, an investor, or a builder with a token live or in the pipeline, this conversation gives you the framework to understand what healthy markets actually look like , and how to get there. DISCLAIMERNothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/ CONNECT Skynet Trading Website: https://skynettrading.com/Skynet Trading Twitter/X: https://x.com/SkynetTrading_Skynet Trading LinkedIn: https://www.linkedin.com/company/skynet-trading/Martin Pokorski on LinkedIn: https://www.linkedin.com/in/martinpokorski/Web3 with Sam Kamani: https://www.web3pod.xyz/ KEY POINTS WITH TIMESTAMPS • [00:00] Introduction to Martin Pokorski and Skynet Trading , what they do and why liquidity matters for token projects• [01:42] Martin's origin story , how a university LAN party in Australia in 2014 sparked his crypto career• [03:48] Running one of the first Bitcoin OTC desks in Australia with over 6,000 clients• [04:45] What Skynet Trading does: market making for token issuers and designated market making for exchanges• [06:26] What Martin is seeing on the ground , token launches are still happening, and the current market is actually an advantage for serious projects• [07:39] The RWA narrative and why sovereign funds and traditional finance firms are quietly exploring tokenization• [09:21] The first question Martin asks every founder: do you actually need a token?• [10:49] Why the GameFi opportunity is still real but requires patience , and lessons from the AAA gaming world• [15:52] What Skynet's liquidity audit reports cover , spread, depth, consistency across venues, and price dislocations• [17:41] Why checking CoinGecko is not a liquidity strategy and what the data actually reveals• [19:43] The biggest misconception founders have about liquidity• [22:00] Key warning signs in token markets , pulled liquidity, blown spreads, and "Houdini liquidity" explained• [24:23] The questions Martin asks early-stage founders and what the liquidity masterclass covers• [26:27] How Skynet Trading grew almost entirely through word of mouth and referrals• [28:02] Where the industry is in the current cycle and why Martin is optimistic for the next few years• [32:05] The single most important piece of advice for founders with a live token: think liquidity-first• [34:30] Why your token price becomes a daily public proxy for how your entire business is perceived• [37:04] What's being built quietly during the current crypto winter , and why the next bull run could feature far stronger products• [40:26] Martin's offer to run a free liquidity audit report for any founder who heard him on this podcast
O Brasil está caminhando para uma crise da dívida? A inteligência artificial está destruindo nossa capacidade de distinguir verdade e mentira? E uma guerra envolvendo Estados Unidos, China e Taiwan poderia ameaçar o domínio global do dólar?Neste episódio do Market Makers, Thiago Salomão recebe Niall Ferguson, um dos historiadores mais influentes do mundo, para uma conversa sobre o futuro do Brasil e as grandes transformações econômicas, políticas e tecnológicas do nosso tempo.Ferguson analisa o crescimento da dívida pública brasileira, o peso dos juros reais, a possibilidade de reformas semelhantes às realizadas por Javier Milei na Argentina e os obstáculos políticos que o Brasil enfrenta.A conversa também aborda a corrida de inteligência artificial entre Estados Unidos e China, os riscos da desinformação algorítmica, o uso de IA nas universidades, o futuro da educação e a dificuldade de preservar a verdade histórica em um ambiente dominado por plataformas e algoritmos.No cenário internacional, Niall Ferguson explica por que guerras modernas podem durar mais do que o esperado, como drones mudaram o equilíbrio entre adversários e quais acontecimentos poderiam transformar as guerras regionais atuais em um conflito global.Neste episódio:-O verdadeiro risco fiscal do Brasil.-Por que juros reais elevados tornam a dívida mais perigosa.-O que o Brasil poderia aprender com Javier Milei.-Como a IA pode modificar nossa compreensão do passado.-A corrida tecnológica entre Estados Unidos e China.-O futuro do dólar como moeda de reserva.-O risco de uma guerra por Taiwan.-Por que guerras são mais fáceis de começar do que de terminar.-A crise das universidades tradicionais.-Os sinais de uma possível Terceira Guerra Mundial.
Conheça a Copa BTG Trader 2026: https://lp.btgpactual.com/copa-btg-trader?utm_campaign=copatrader&utm_source=empiricus&utm_medium=partnersJuros, dólar, Bolsa brasileira, ETFs e commodities: onde estão os maiores riscos e oportunidades do mercado em 2026?Neste episódio do Market Makers, Thiago Salomão e Leopoldo Rosa recebem Jerson Zanlorenzi, sócio do BTG Pactual e responsável pela Mesa de Produtos & Distribuição, para uma análise completa do atual cenário financeiro.Jerson explica o que o mercado pode estar precificando errado, como os investidores profissionais estão enxergando os juros e o dólar, quais fatores podem determinar o futuro da Bolsa brasileira e onde podem surgir as principais assimetrias entre os diferentes ativos.Também conversamos sobre ETFs, commodities, derivativos, controle de risco, psicologia de mercado e os erros que mais prejudicam investidores e traders.Na segunda parte do episódio, Jerson apresenta a Copa BTG Trader 2026, explica como a competição funciona e revela o que realmente separa traders consistentes de operadores que dependem apenas da sorte.Neste episódio:• O que o mercado está precificando errado• Perspectivas para os juros no Brasil• O futuro do dólar• Riscos e oportunidades na Bolsa brasileira• ETFs e diversificação internacional• Commodities e cenário global• Como uma mesa profissional toma decisões• Os maiores erros dos investidores• Disciplina, alavancagem e controle de risco• Como funciona a Copa BTG Trader 2026
On this episode we are joined by Henry Kerins - CEO of Manhattan Athletic Group and one of the earliest employees at NoVig. MAG spun off of NoVig as an internal trading team and now trades almost every sports market across multiple venues. This is a must listen for those building their own trading operations in the space!0:00 Intro50:15 Listener Q&AWelcome to The Risk Takers Podcast, hosted by professional sports bettor John Shilling (GoldenPants13) and SportsProjections. This podcast is the best betting education available - PERIOD. And it's free - please share and subscribe if you like it.Follow SportsProjections on Twitter: https://x.com/Sports__ProjFollow GP on Twitter: https://x.com/goldenpants013
TORNE-SE MEMBRO DO M3 CLUB: https://store.mmakers.com.br/m3-club-cmm12/SE VOCÊ QUER ENTENDER MELHOR OS BENEFÍCIOS DO M3 CLUB, FALE COM NOSSOS ATENDENTES: https://wa.me/5511943234235?text=Quero%20saber%20mais%20sobre%20o%20M3%20Club!O investidor brasileiro desistiu da Bolsa justamente antes de uma possível mudança de ciclo?Nesta reunião especial do M3Club de portas abertas, Thiago Salomão e Matheus Soares recebem Christian Keleti, da AlphaKey, e João Braga, da Encore Asset Management, para uma conversa profunda sobre Bolsa brasileira, ações, juros, fluxo estrangeiro e os riscos que ainda podem mudar o mercado.Ao longo do episódio, os gestores discutem o que pode destravar a B3, como identificar empresas realmente baratas, quais erros mais prejudicam o investidor pessoa física e como profissionais do mercado constroem, questionam e abandonam suas teses de investimento.Você vai entender:-O que pode provocar uma mudança de ciclo na Bolsa brasileira-Por que tantos investidores abandonaram as ações-Como separar uma oportunidade de uma armadilha de valuation-Quais riscos ainda preocupam os gestores-Como juros e fluxo estrangeiro afetam a B3-Como gestores profissionais analisam empresas-Por que boas decisões dependem de confronto de ideias-Como funcionam as discussões e encontros do M3ClubEsta conversa não representa recomendação de compra ou venda de ativos. Todo investimento envolve riscos e deve ser avaliado de acordo com seus objetivos e perfil.
Gewisse Online-Broker preisen gebührenfreie ETF-Sparpläne an. Gratis gibt's aber fast nichts in der Finanzwelt. Ist etwa die Handelsspanne zu breit gestellt, zahlst du mehr für deine ETF-Anteile als du müsstest.Spannend ist, wie Sparplan-Anbieter, ETF-Emittenten, Market Maker und Börsen zusammenarbeiten, damit sie alle etwas verdienen.Teile deine Erfahrungen mit ETF-Sparplänen und schreib mir ein Mail.Mehr über True Wealth erfährst du hier.
Você sabe exatamente quanto poupa por mês? A maioria das pessoas não sabe — e é exatamente essa falta de clareza que a W1, uma das maiores empresas de planejamento financeiro do Brasil, resolve para mais de 60 mil clientes ativos.Neste episódio do Market Makers, Thiago Salomão e Leopoldo Rosa recebem Gabriel Mangueira, CEO da W1, para um papo sobre planejamento financeiro, expansão territorial, formação de talentos e os bastidores de uma empresa que já treinou mais de 1.900 colaboradores. Mineiro de Belo Horizonte, Gabriel chegou como consultor em 2020 e se tornou CEO em 2021 — hoje lidera uma operação com 36 escritórios, mais de R$5 bilhões em ativos sob custódia e planos concretos de IPO.Na conversa, Gabriel explica como a W1 abandonou o modelo tradicional de venda de produtos financeiros para se tornar uma empresa de planejamento financeiro completo, detalha quanto pode ganhar um planejador ou um assessor de investimentos, fala sobre o "estalo" que o mercado inteiro está tendo agora, comenta o impacto das apostas online no patrimônio das famílias brasileiras e revela os planos de internacionalização da empresa rumo ao México e, no futuro, à NASDAQ.00:00 Intro01:28 Apresentação do Convidado03:50 De Belo Horizonte à Faria Lima04:20 Como Gabriel Chegou até a W106:52 A Fundação da W1 há 16 Anos08:50 As 4 Unidades de Negócio da W113:24 De 100 Mil Clientes Históricos aos Números Atuais14:16 Formação de Planejadores na Era da Inteligência Artificial16:29 Padronização Nacional com Times Locais19:11 O Estalo do Mercado: da Venda de Produto ao Planejamento Financeiro26:04 Como Funciona a Metodologia W129:30 Contratando Mais Gente que XP e BTG33:34 Quem Tem Perfil para Ser Planejador Financeiro34:18 Quanto Ganha um Planejador e um Assessor de Investimentos38:23 As Regiões que Mais Surpreenderam na Expansão43:46 Os Planos de IPO e Internacionalização da W146:52 Os Benchmarks Alemães: DVAG e MLP53:06 Cenário Macro e o Ano Mais Desafiador da W158:01 Apostas Online e o Risco para o Planejamento Financeiro1:01:45 O Principal Aprendizado de Gabriel como CEO1:08:26 A Reputação de Gabriel Mangueira1:10:40 Pingpong: Livros, Música e Convidados1:16:11 A Maior Gentileza que Gabriel Já Recebeu1:18:26 EncerramentoVocê tem clareza de quanto poupa por mês? Ou faz parte da maioria que nem sabe responder essa pergunta? Conta nos comentários.
Quatro anos depois da criação do Market Makers, Thiago Salomão e Matheus Soares contam pela primeira vez a história completa do projeto — dos primeiros episódios aos planos para o próximo ciclo da empresa.Entrevistados por Leopoldo Rosa, os fundadores revelam como o Market Makers começou, quais decisões mudaram o rumo do podcast, os principais erros cometidos nos bastidores e os momentos em que perceberam que estavam construindo algo maior do que um canal no YouTube.Neste episódio especial, eles falam sobre:• Como surgiu a ideia do Market Makers• Os desafios dos primeiros episódios• Os erros e projetos que não funcionaram• As entrevistas que mudaram o canal• A relação e a divisão de funções entre os fundadores• A transformação de um podcast em uma empresa de mídia• A criação de novos canais, produtos e formatos• O presente do Market Makers• Os projetos que estão sendo desenvolvidos• A visão de Thiago e Matheus para os próximos quatro anosMais do que uma comemoração, esta é uma conversa sobre empreendedorismo, mídia, criação de conteúdo, tomada de risco e construção de uma marca do zero.
The topics, stocks and shares mentions / discussed include:Commodities / Silver / Gold / TinFX TradingLife as a Trader / TradingCareer as a Market MakerTrading psychologyInvesting psychologySanDisk / SNDKApple / AAPLSpaceX / SPCXAi Risk Nanoco / NANOIntelligent Energy / Profit warnings / CapitulationPsychology / FOMO / Cognitive biasAchoring bias / Irrational marketsStocks tradingTakeoversStock MarketWealth ManagementTales from The Trading FloorFinancial EducationInvestor Summit sponsors, Keynote speakers, panellists & guestsThe 2026 Investor Summit tickets are now on SALE. Buy yours now! Investing Financial educationThe Twin Petes Investing 2026 Charity Just Giving Fundraising page in honour of Mark Bentley. PLEASE donate whatever you can to support The Financial Times, Financial Literacy & Inclusion Campaign via the link TWINPETES INVESTING PODCAST / PETER HIGGINS is fundraising for FT FINANCIAL LITERACY AND INCLUSION CAMPAIGN& moreShareScope special discount offer code ShareScope : TwinPetesInvestors' Chronicle sponsor Special Trial Offers (investorschronicle.co.uk)Henry Viola-Heir's blog Home – The Ethical EntrepreneurPowder Monkey Brewing Co All Products – Powder Monkey Brewing Co 10% discount code : TWINPETESThe Twin Petes Investing podcasts will be linked to and written about on the Conkers3 website , on the ShareScope website and also on available via your favourite podcast and social media platforms. Thank you for reading this article and listening to this podcast, we hope you enjoyed it. Please share this article with others that you know will find it of interest.
Neste episódio do Market Makers, Thiago Salomão e Leopoldo Rosa recebem Bruno Chatack, advogado, consultor e apresentador do Sports Market Makers, para analisar o negócio bilionário por trás da maior competição de futebol do planeta.Quem realmente ganhou a guerra das transmissões? A Globo, com sua audiência massiva e força comercial? A CazéTV, com todos os jogos, linguagem digital e recordes no YouTube? Ou a FIFA, que conseguiu ampliar a concorrência e transformar a Copa em uma plataforma ainda mais valiosa?Ao longo da conversa, analisamos:— Como funcionam os direitos de transmissão da Copa do Mundo— Por que a Globo deixou de ter exclusividade— Como a CazéTV e a LiveMode ganham dinheiro— O papel do YouTube no mercado esportivo— Quanto as marcas investem para aparecer durante a Copa— Bilheteria, camarotes, hospitalidade e licenciamento— A influência das bets nas transmissões esportivas— A diferença entre audiência, faturamento e lucro— Quem fica com os dados dos torcedores— O que essa disputa revela sobre a Copa de 2030— Quem realmente ganhou a Copa fora de campoInscreva-se no Market Makers e no Sports Market Makers e ative as notificações para acompanhar nossas conversas sobre negócios, investimentos, economia e os bastidores das maiores empresas do Brasil e do mundo.Abra sua conta na Binance: https://binance.onelink.me/y874/MMAkersFALE COM UM CONSULTOR DA iPLACE: https://hovqr.me/80d97140Confira as OFERTAS da Kian: https://oferta.kian.com.br/campanha-marketmakers
No company decides to fail. It drifts there one comfortable lie at a time. Kaz Nejatian took over Opendoor when it was just months away from bankruptcy and set out to rebuild it from the ground up. What happened next shocked everyone. Most turnaround stories are told years later, by the winner, after the ending is already known. That's why they always sound clean and polished. This one doesn't have an ending yet, and it's anything but clean and polished. Kaz takes us inside while it's still happening. We discuss why great companies drift away from reality, why truth has to matter more than feelings, and how competent people who don't believe in the mission quietly destroy an organization. He shares the principles behind rebuilding culture, eliminating bureaucracy, making faster decisions, using AI to flatten management, and creating teams that move with speed and ownership. One of the key things I learned in this conversation is that the comfortable lies that sink a company are the same ones that sink a career. ------ Chapters: (0:00) How Opendoor Came Back from the Dead (1:32) How Mismanagement Causes Atrophy (4:28) The Blueprint that Changed Opendoor (5:33) Rewriting the Book on Company Turnarounds (5:57) The People You Hire Is the Company You Build (6:31) Be a Nuclear Bomb of Truth (7:52) How to Change a Losing Company Culture (8:07) Commit to Truth Over Feelings (8:33) The Most Dangerous Kind of Employee (9:13) Key Principles to Turning Around a Company (11:59) Meetings Are a Bug in the System (12:30) Why It's Rude to Not Disagree (13:05) Say the Thing Culture (15:04) How AI Is Supercharging Opendoor (18:16) Most Powerful Mental Models (22:50) Why Remote Workplaces Don't Succeed (24:56) How Opendoor Killed Distractions (26:09) The Key to Being a Market Maker (35:20) How Companies Fall Off Course Over Time (37:24) The Power of Speaking Simply (43:27) Turnaround Lessons for Life (51:10) Excellence Is Capacity to Take Pain ------ Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it's completely free. Learn more and sign up at fs.blog/newsletter ------ Follow Shane Parrish: X: https://x.com/shaneparrish Insta: https://www.instagram.com/farnamstreet/ LinkedIn: https://www.linkedin.com/in/shane-parrish-050a2183/ ------ Follow Kaz Nejatian: X: https://x.com/nejatian ------ Thank you to the sponsors for this episode: +Applovin: Launch your first AppLovin campaign and grow your business: https://applovin.com/shane +Matic: the robot vacuum that does it all—grab yourself a year of free bags here. http://maticrobots.com/shaneparrish +HeyGen is a message-first AI video platform that helps people and AI agents turn ideas into professional video in minutes. Try for free at https://www.heygen.com/ +LMNT: My go-to zero sugar electrolytes — get a free LMNT Sample Pack here: https://DrinkLMNT.com/TKP ------ Note: Shane and guests may hold positions in assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. Nothing in this conversation should be considered investment advice, financial guidance, or a recommendation to buy or sell any security. Always do your own due diligence or consult with a qualified financial advisor before making investment decisions. Learn more about your ad choices. Visit megaphone.fm/adchoices
Você está exposto ao dólar todos os dias — mas talvez ainda mantenha quase todo o seu patrimônio em reais.Neste episódio do Market Makers, Thiago Salomão e Leopoldo Rosa recebem Daniel Haddad para uma conversa sobre investimentos internacionais, dolarização, Selic, psicologia financeira e construção de patrimônio no longo prazo.Daniel explica por que investir fora do Brasil não significa apostar contra o país, mas reduzir a dependência de uma única moeda, economia e conjuntura política. A conversa passa por S&P 500, ETFs, Treasuries, renda fixa americana, diversificação global e preservação geracional de patrimônio.Qual percentual do seu patrimônio está investido fora do Brasil? Conte nos comentários.Abra sua conta na Binance: https://binance.onelink.me/y874/MMAkers
Jeff sits down with Gavin Filmore of Tidal for a deep dive into why, even after three decades, the ETF industry is still, potentially only in the “second or third inning.” Gavin walks through the evolution from simple, passive equity ETFs to today's surge in active and derivatives-based products, explaining how his experience running an oil ETN through the negative-oil shock convinced him of the importance of flexibility over rigid index rules. They break down how market makers and regulation (like 6c-11 and the derivatives rule) have reshaped the landscape, why semi-transparent ETFs fizzled, and how white-label platforms like Tidal have ridden this innovation wave to roughly $80 billion across hundreds of largely active funds. Jeff and Gavin also get tactical on what it really takes to launch and grow an ETF now, from differentiated “white space” ideas and realistic AUM milestones, to operating capital, distribution strategy, and the contrasting roles of grassroots retail demand versus platform-driven institutional flows, before looking ahead to areas like prediction markets and single-stock futures as the next potential frontiers.Chapters:00:00-01:12=Intro01:13-3:51=Early Innings: Gavin's New York Roots and ETF Growth Setup3:52–13:30 = Active ETFs, Derivatives, and Why the ETF Boom Is Still Early13:31–21:48 = Why Derivatives Need Active ETFs: Oil Going Negative, Flexibility, and Hidden ETF Plumbing21:49–32:57 = Market Makers, Liquidity Myths, and the Hidden Frictions of ETF Trading32:58–44:13 = Building Tidal: Inside a White-Label ETF Platform Built on Active and Derivatives44:14–01:02:12 = How to Launch an ETF: Capital, Distribution, Retail vs. Institutional, and Platform Hurdles01:02:13-01:13:40 = Prediction Markets, Single-Stock Futures, and the Next Frontiers for ETFs01:13:41-01:19:16 = ETF Inning Count, Industry Outlook, and Parting ShotsFollow along with Gavin and Tidal on LinkedIn and be sure to check out tidalfinancialgroup.com for more information!Don't forget to subscribe toThe Derivative, follow us on Twitter at@rcmAlts andsign-up for our blog digest.Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visitwww.rcmalternatives.com/disclaimer
Raul Sena, o Investidor Sardinha, revela o plano por trás da AUVP: construir um banco diferente das instituições financeiras tradicionais — e transformar os próprios clientes em sócios do negócio.Neste episódio do Market Makers, Thiago Salomão conversa com Raul Sena sobre sua trajetória, desde o primeiro emprego como arquivista em um jornal de Goiânia até a criação de uma das maiores comunidades de investidores do Brasil.Raul explica por que acredita que o mercado financeiro sobrevive da assimetria de informação, como a transparência ajudou a AUVP a crescer e por que considera que bancos e instituições financeiras deixaram de cumprir uma de suas principais funções: financiar empresas, indústrias e projetos capazes de desenvolver o país.Ao longo da conversa, você vai entender:• Como surgiu o nome Investidor Sardinha• Como Raul Sena construiu sua audiência no YouTube• A transformação da escola AUVP em consultoria de investimentos• A relação da AUVP com o BTG Pactual• Como os clientes participam da criação dos produtos• A estratégia por trás dos ETFs AUVP11, AREA11, ALPO11 e BTC11• Por que Raul critica o Ibovespa• O plano para criar um banco controlado por clientes e funcionários• A cultura empresarial da AUVP• Por que dezenas de funcionários tatuaram o símbolo da empresa• A visão de Raul sobre indústria, venture capital e o futuro do Brasil• O que mudou na vida do Raul pobre para o Raul ricoRaul também explica por que acredita que o Brasil pode enfrentar um grave processo de empobrecimento caso não volte a financiar indústria, inovação, tecnologia e novos empreendedores.Qual deveria ser o verdadeiro papel de um banco na sociedade? Escreva sua opinião nos comentários.FALE COM UM CONSULTOR DA iPLACE: https://hovqr.me/80d97140Abra sua conta na Binance: https://binance.onelink.me/y874/MMAkers
Confira o curso “Claude para o mercado financeiro” de Leonardo Dawadji, com o Market Makers: https://emprc.us/biVU2o A inteligência artificial está transformando a forma como investidores analisam ativos e como empresas ganham produtividade. Mas, na prática, como usar essas ferramentas sem cair em promessas exageradas ou cometer erros? No novo episódio do Touros e Ursos, Leonardo Dawadji, especialista em IA aplicada ao mercado financeiro, traz dicas sobre o uso e as possibilidades da nova tecnologia para aprimorar a carteira das pessoas físicas. Ele também mostra como empreendedores podem aplicar IA no dia a dia para automatizar tarefas, aumentar a produtividade e equilibrar eficiência com segurança de dados. E tem mais: no tradicional bloco Touros e Ursos, debatemos Natura, Oncoclínicas, o IPO da Shein e outros temas que movimentaram o mercado. #InteligenciaArtificial #IA #ChatGPT #Claude #Gemini #Investimentos #MercadoFinanceiro #Empreendedorismo
Neste episódio do Market Makers, o ex-governador de Goiás e candidato à Presidência apresenta sua estratégia para enfrentar Lula e Flávio Bolsonaro nas eleições de 2026, critica a polarização e explica por que acredita que seu modelo de gestão pode ser aplicado em todo o Brasil.Caiado fala sobre segurança pública, PCC, Comando Vermelho e o risco de “mexicanização” do país. Ele também detalha as medidas adotadas em Goiás nas áreas de ajuste fiscal, educação, inteligência artificial, infraestrutura e combate ao crime.A conversa ainda passa pela relação do Brasil com Estados Unidos e China, pelas barreiras comerciais, pelo agronegócio e pelo potencial estratégico das terras raras e dos minerais críticos brasileiros.Neste episódio:-A estratégia de Caiado para chegar ao segundo turno.-As críticas a Lula e Flávio Bolsonaro.-Por que ele afirma que liderança não pode ser herdada.-O crescimento do crime organizado no Brasil.-Como funciona o modelo de segurança pública de Goiás.-Ajuste fiscal, Previdência e controle de gastos.-Inteligência artificial e o futuro da economia brasileira.-Terras raras, China, Estados Unidos e soberania.-Educação, agronegócio e desenvolvimento.-A trajetória de Caiado desde a eleição de 1989.Comente: Ronaldo Caiado consegue romper a polarização entre Lula e Flávio Bolsonaro?Abra sua Conta Internacional na Nomad e ganhe até U$50 de cashback com o código de convidado MMAKERS50: https://link.nomadglobal.com/wIQT/MMAKERS50 (Leia os avisos legais: nomadglobal.com/legal)
This week on Market Maker, Anthony Cheung and Stephen Barnett break down the £5.7 billion bidding war for easyJet and explain why private equity firms are suddenly competing to buy one of Europe's best-known airlines.Using the deal as a case study, they explore how investment bankers value airline businesses, why easyJet became an attractive takeover target, and what students can learn about mergers & acquisitions from a real live transaction. Along the way they explain key airline metrics such as ASK, RASK and CASK, discuss why airlines are notoriously difficult businesses to run, and reveal why the value of airport slots and aircraft fleets matters so much to investors.Whether you're preparing for investment banking interviews, building your commercial awareness, or simply curious about how billion-pound acquisitions happen, this episode provides a practical insight into corporate finance using one of the UK's most recognisable companies.(00:00) Why easyJet a Takeover Target(01:38) The £5.7bn Bidding War Explained(09:58) Why Private Equity Wants easyJet(15:10) How Airlines Are Really Valued(19:50) ASK, RASK & CASK Explained(20:49) Why easyJet Looks Undervalued(29:27) Breaking Up the Business(34:05) Why Airlines Are Difficult to Run
Nous poursuivons notre exploration sur les différents types d'ordre. On débute avec le résultat du test de Fuji. Suivi de discussions sur les avantages et limites des options d'ordres qui nous sont offertes.Est-ce que l'exécution de notre ordre est garantie ou si le risque de se faire exécuter à un moins bon prix est présent? Est-ce que les courtiers nous manipulent et font en sorte que nos « Stop Loss » seront atteints « artificiellement »?Qu'est-ce qu'un « Market Maker »? Quel est l'impact de la liquidité sur nos ordres? Comment utiliser et pourquoi un ordre suiveur?Faites le grand ménage dans votre esprit et appropriez-vous les types d'ordres pour optimiser leur utilisation.-----------------------------------------------------DIVULGATION DE RISQUELa négociation d'actions, Forex ou tout autre produit financier comporte un niveau de risque élevé et peut ne pas convenir à tous les investisseurs. Les performances passées ne représentent pas les résultats futurs. Le degré élevé d'effet de levier peut être profitable et aussi vous nuire. Avant de décider d'investir, vous devez examiner attentivement vos objectifs d'investissement, votre niveau d'expérience et votre appétit pour le risque.La possibilité existe que vous puissiez subir une perte de tout ou d'une partie importante de votre investissement initial et donc vous ne devriez pas investir de l'argent que vous ne pouvez pas vous permettre de perdre. Vous devez être conscient de tous les risques associés aux opérations boursières et demander un avis à un conseiller financier indépendant si vous avez des doutes.Le contenu de ce podcast est à titre informatif et éducatif seulement et n'est pas et ne doit pas être interprété comme un conseil professionnel, financier, d'investissement, fiscal ou juridique. D*TRADING ne peut être retenu responsable de pertes financières dues aux décisions personnelles du client.#bourse #investissement #trading #finance #argent #investir #libertefinanciere #investisseur #trader #actions #business #stockmarket #motivation #bitcoin #independancefinanciere #stocks #forex #titre #epargne #formation #formationboursiere #marchesfinanciers #daytrading #swingtrading #tradingview #investissementlongterme #apprendre #Patrick Gaulin #François Joly-Dubois #Michel VillaHébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.
A Magalu ainda consegue virar o jogo — ou os juros, a concorrência e a nova economia do varejo mudaram tudo?Neste episódio do Market Makers, Thiago Salomão e Leopoldo Rosa recebem Fred Trajano, CEO do Magalu, para uma conversa profunda sobre o presente e o futuro do varejo brasileiro.Fred fala sobre os 10 anos à frente da companhia, a transformação digital da Magalu, a queda e a recuperação da confiança do mercado, o impacto dos juros altos sobre MGLU3, a força do varejo físico, o avanço do marketplace, a concorrência com players digitais e o novo ciclo da empresa com inteligência artificial.Um dos pontos centrais da conversa é o WhatsApp da Lu, a aposta da Magalu em comércio conversacional com IA. Segundo Fred, a iniciativa já gerou milhões de conversas, usa uma arquitetura multiagente e pode representar uma nova forma de comprar online.Também falamos sobre macroeconomia, consumo, bets, China, taxa das blusinhas, loja física, empresa familiar, política, causas corporativas e o desafio de liderar uma companhia aberta em um dos setores mais sensíveis aos juros no Brasil.No episódio de hoje:-O que aconteceu com a Magalu depois do boom da digitalização-Por que juros altos afetam tanto o varejo-Como Fred Trajano lida com a queda da ação-O futuro da loja física no Brasil-A aposta da Magalu em IA e WhatsApp-MGLU3, marketplace, China, bets e consumo-O que vem depois da transformação digital no varejoDeixe nos comentários: você acha que a Magalu ainda pode virar o jogo?
Sommaren är äntligen här och därmed också Market Makers sommarserie! Detta år blir det fyra dunderintervjuer och först ut är ingen mindre än Olle “Snåljåpen” Qvarnström, känd som storägare i Cheffelo och numera fondförvaltare på Protean.—Twitter: https://twitter.com/marketmakerspod Kontakt: podcast@marketmakers.se Hemsida: https://www.marketmakers.se/ Niklas, Fabian och Magnus finns förstås också på Twitter:https://twitter.com/alden_niklas https://twitter.com/franzen_fabian https://twitter.com/analytikern1234 Hosted on Acast. See acast.com/privacy for more information.
CONFIRA A ÚLTIMA EDIÇÃO DA THE REPORT: https://store.mmakers.com.br/the-report-rpt02/Multimercados morreram — ou estamos confundindo mêses ruim com o fim de uma indústria?Depois de anos de frustração, taxas altas, competição com produtos isentos e investidores cada vez mais exigentes, os fundos multimercados voltaram ao centro do debate.Neste episódio, Thiago Salomão e Leopoldo Rosa recebem Rafael Medeiros, co-founder da Oikos Wealth Management, para discutir a crise dos multimercados no Brasil.A conversa passa por:-por que tantos fundos caíram juntos;-a explosão da correlação entre gestores;-o debate sobre taxa de administração e performance;-a diferença entre alfa e beta;-o modelo de gestor-estrela;-o que Warren Buffett realmente provou em sua aposta contra hedge funds;-por que o CalPERS abandonou hedge funds;-como os pod shops reinventaram a indústria nos Estados Unidos;-o impacto de produtos isentos, FGC e juros altos;-como escolher um multimercado que ainda faça sentido para sua carteira.No fim, a pergunta é simples: seu gestor está evoluindo ou apenas cobrando caro por uma promessa antiga?Comente: você ainda investe em multimercados? O que você exige de um gestor para pagar taxa de performance?Conheça a KLOOKS: https://www.klooks.com.br/?utm_source=blog&utm_medium=banner&utm_campaign=marketmakers&utm_content=conhecaamelhorplataforma
Illinois Farm Bureau Young Leader Program Coordinator Perry Harlow provides information on Young Leader District Discussion Meets this summer. U-of-I Extension Horticulture Educator Ken Johnson discusses harvesting garden vegetables. Darlene Knipe tells the story of Market Maker, an online local foods directory. Joe Camp at CommStock Investments previews a new market week.
Aktienkauf per Wischgeste, ETF-Sparpläne im Abo und Millionen neue Privatanleger am Kapitalmarkt: Die Digitalisierung hat den Zugang zur Börse in den letzten fünf Jahren radikal demokratisiert. Doch was passiert, wenn die Märkte mal nicht von Rekord zu Rekord eilen? Und warum ist der Ort, an dem eine Order ausgeführt wird, für den finanziellen Erfolg oft wichtiger als das Design der Trading-App?In dieser Folge von How to Hack trifft Host Carsten Puschmann auf Dennis Puschmann, Direktor bei der Trade Gate AG und verantwortlich für den Direkt-Broker tradegate.direct. Ein echter Puschmann-Talk über die Zukunft des Brokerage-Marktes, die Entzauberung von Übersimplifizierung und die Frage, warum echte Kontrolle über das eigene Portfolio nicht unterkomplex sein darf.Dennis Puschmann erklärt, wie die Tradegate BSX mit null Euro Börsengebühren den deutschen Retail-Markt transformiert hat: Heute wird ein Großteil des Aktien- und ETF-Handelsvolumens privater Anleger, das an regulierten Börsen in Deutschland gehandelt wird, an der Tradegate BSX ausgeführt.Ein Gespräch über das schmale Brett zwischen Trading und Investment, vorausschauendes Risikomanagement unter Stress und den fundamentalen Unterschied zwischen einem Spiel und echtem Vermögensaufbau.Wir reden über:
Join Alex Tapscott as he decodes the world of crypto with special guest Joshua Riezman, Chief Legal & Strategy Officer of GSR. Listen in as they discuss how crypto-native firms like GSR are evolving from market makers into full-service financial institutions, why liquidity remains essential as stablecoins, RWAs, and tokenized assets scale, and how regulation is reshaping the global digital asset landscape. Josh also explains GSR's expansion into advisory, venture, asset management, and capital markets, why tokenization could unlock new forms of global capital formation, and how on-chain markets may eventually compete with Wall Street's traditional investment banking model.
In this episode, Lex chats with Cactus Raazi — CEO Americas at B2C2, one of the original and largest institutional market makers in digital assets, serving roughly 1,500 institutions and pricing across more than 40 exchanges globally. They discuss what a market maker actually does, how balance sheet and signal generation underpin roughly $1 billion a day of stablecoin flow at B2C2, and why the two extremes of crypto market making - riskless principal aggregation versus proprietary alpha - produce very different client outcomes that buyers rarely understand. Cactus explains B2C2's 18-month bet that the Circle-versus-Tether debate would give way to a multi-issuer world, the launch of its PENNY product for instant zero-cost cross-stablecoin swaps, and they explore why programmability is the next frontier for digital dollars, why US capital markets have almost no structure for funding genuine risk-taking businesses, and whether the current combination of scale, speed, and complexity makes this the hardest investing environment Wall Street has ever faced. NOTABLE DISCUSSION POINTS: Market makers aren't a homogeneous category, and clients pay for the difference. At one extreme, a market maker is essentially a riskless agent - aggregating prices across 40+ exchanges and quoting on top with no real view. At the other extreme, a market maker is a proprietary quant shop running alpha signals on horizons from seconds to days, and the price you get is heavily conditioned by where the signal says the asset is going. B2C2 sits in the middle, partly because its public-company parent (SBI) constrains risk appetite. The implication for institutional buyers: who you trade with structurally determines the quality of execution, not just the spread. Algorithmic fixed income market making didn't fail on technology, it failed on capital structure. US capital markets are excellent at funding venture, growth equity, private equity, and buyouts, but there is almost no domestic pool of “risk equity” - capital comfortable with the possibility that the machines (or the humans) lose money on a given day. Market makers need exactly that kind of balance sheet, and the mismatch between what the business requires and what the US capital base offers is a structural reason firms like Elefant struggled, regardless of execution quality. The Circle-vs-Tether framing is already obsolete; the next product wedge is interoperability. B2C2 made an 18-month-old contrarian bet that the duopoly narrative was wrong and that Stripe (via Bridge), Western Union, Revolut, and many other consumer and platform companies would issue their own stablecoins. PENNY - instant, zero-cost, zero-counterparty-risk stablecoin-to-stablecoin swaps - is the product expression of that view. The deeper claim is that stablecoins are software, and the SaaS analogy (a base layer plus an app store of programmable financial logic) is the real reason institutional adoption accelerates from here, not the transfer-of-value benefit on its own. TOPICS B2C2, Goldman Sachs, SBI Group, Binance, Coinbase, Circle, Tether, Stripe, Kraken, Credit Suisse, Market making, institutional liquidity, stablecoins, fixed income, risk management, algorithmic trading, crypto exchange infrastructure ABOUT THE FINTECH BLUEPRINT
Os ETFs deixaram de ser apenas uma alternativa para se tornarem protagonistas na carteira dos investidores. Mas esse crescimento é uma tendência passageira ou uma evolução estrutural?No episódio especial do Mind Asset da 6ª edição da Semana de ETFs, recebemos Thiago Salomão, fundador e CEO do Market Makers, e Renato Eid, Head de estratégias indexadas e Investimento Responsável da Itaú Asset, para uma conversa sobre esse mercado.O papo explora o que está por trás do crescimento dos ETFs no Brasil, como investidores e gestores têm utilizado essa ferramenta de forma mais estratégica e por que o investidor brasileiro ainda concentra sua carteira em ativos domésticos. Também discutimos o papel dos ETFs na diversificação internacional e o que falta para o Brasil chegar ao nível de maturidade dos mercados de outros países.Antes de investir, verifique seu perfil de investidor.
The SpaceX IPO is becoming one of the most fascinating corporate events in modern financial history.This week on Market Maker, we unpack the latest updates from SpaceX's live IPO roadshow, including Elon Musk's influence over the process, Goldman Sachs' strategy, retail investor demand and the unusual decision to lock the IPO price before bookbuilding even began.We also explain Anthropic's IPO filing, why the AI race with OpenAI is accelerating and how Berkshire Hathaway quietly built one of the most powerful business models in the world after its latest $6.8 billion acquisition.A must-watch episode for anyone interested in investing, IPOs, AI, business strategy and how modern financial markets really work.(00:00) SpaceX IPO Roadshow(06:15) S&P Rejects SpaceX(11:29) Why Banks Are Winning(19:19) Anthropic Files To IPO(27:58) Anthropic vs OpenAI(33:08) Berkshire Hathaway Explained(39:22) Buffett's Secret Strategy(46:40) Berkshire's Next Move
This week on the Market Maker deals show, Anthony and Stephen break down the biggest corporate finance stories moving global markets. They unpack UniCredit's hostile takeover battle for Commerzbank and why CEO Andrea Orcel is being labelled “The Shark” as European banking consolidation heats up again. They also dive into GameStop's shocking $55bn bid for eBay, Ryan Cohen's chaotic CNBC interview, and the mechanics behind meme-stock dealmaking. Finally, they explore how Eli Lilly became one of the world's most valuable companies, why it just raised $9bn in bonds, and how pharmaceutical giants use acquisitions to defend their blockbuster drug pipelines.Whether you're aiming for banking, asset management, accounting, private equity, or advisory, this is essential insight to stay ahead of the curve.(00:00) Intro & Researcher Opportunity(03:04) UniCredit vs Commerzbank(18:50) GameStop's $55BN Bid for eBay(32:18) Eli Lilly's $9BN Bond Raise & M&A StrategyConnect with Anthony on LinkedIn Watch the CNBC interview with GameStop CEO Ryan Cohen
Today, we are breaking down Opendoor, and this is a unique episode. We recorded with Kaz Nejatian, the CEO of Opendoor, shortly after the company reported its first quarter 2026 earnings, and we covered both what is happening inside the business right now and how he is thinking about Opendoor from the seat after coming over from Shopify. The core of the conversation is how Kaz frames the company. He argues that Opendoor is a market maker rather than a prop desk or an asset manager, and that the model only works when you optimize for velocity instead of spread. Buying lots of homes and selling them quickly gives Opendoor a live information advantage over the rest of the housing market that no other participant has, and that advantage compounds as the customer base broadens beyond people who simply need to move fast. Please enjoy this Breakdown of Opendoor. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at colossus.com/subscribe. ----- This episode is brought to you by Portrait Analytics - your centralized resource for AI-powered idea generation, thesis monitoring, and personalized report building. Built by buy-side investors, for investment professionals. We work in the background, helping surface stock ideas and thesis signposts to help you monetize every insight. In short, we help you understand the story behind the stock chart, and get to "go, or no-go" 10x faster than before. Sign-up for a free trial today at portraitresearch.com ----- Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Timestamps (00:00:00) Welcome to Business Breakdowns (00:02:24) Thesis Since Joining OPEN (00:04:49) OPEN is a Market Maker, not a Prop Desk (00:04:53) Opendoor's Advantages (00:07:37) Spread vs. Velocity (00:11:25) Customer Base (00:13:16) Attachment Profit Pool (00:15:45) Order of Product Rollouts (00:18:47) Friction from Attachments? (00:19:03) Lessons from Shopify: Solving for Friction (00:21:45) Investing vs. Profitability Balance (00:23:58) AI Inside Opendoor
In this episode of the Rainmaker Podcast, Gui Costin sits down with Mike Castino, President of Sound Capital Solutions, for a deep dive into the mechanics of ETF creation, distribution, and the accelerating structural shift reshaping investment management.Mike's career began on the floor of the Chicago Mercantile Exchange, where he spent 12 years as an independent futures trader before transitioning into the investment management industry. His first sales role came at Claymore ETFs — one of the original ETF families, eventually acquired by Guggenheim and later Invesco — where his trading floor instincts translated directly into his commercial style. From there, Mike spent over a decade at U.S. Bank Global Fund Services, building out the business development function for ETF administrative and custodial services from the ground floor into a high-revenue operation. Sound Capital, the firm he co-founded with Claymore veteran Nick Dalmasso, was born from a shared entrepreneurial itch and a clear view of where the industry was heading.Sound Capital operates two complementary businesses: a white label ETF advisory service, where the firm serves as the registered advisor for clients who want to launch funds without building their own infrastructure, and a solutions provider offering that supports asset managers before, during, and after launch. Unlike traditional consultants who parachute in with a plan and leave, Sound Capital positions itself as a long-term partner focused on helping clients both build and retain AUM.A major theme of the conversation is the mechanics behind getting an ETF to market — and the parts that most first-time issuers underestimate. Revenue sharing with broker-dealer platforms is more complex and more negotiable than it appears, with fees ranging from flat access charges to AUM-based percentages to paid data packages. Market maker relationships are similarly misunderstood: firms like Jane Street and Citadel are not standing by as utilities for any issuer that arrives. They are selective partners who respond to seed capital, credible distribution plans, and meaningful trading relationships.Mike and Gui also discuss the transparent versus non-transparent active ETF debate, where Mike is direct: the flows have settled the argument. Non-transparent structures have failed to gather meaningful organic assets, while transparent active ETFs have surged — and the front-running fears that once justified opacity are largely overstated for anyone outside of micro-cap strategies.The conversation closes on two forward-looking topics. First, the dual share class structure — now approved for 30+ firms beyond Vanguard — which Mike sees as the long-term bridge that will unlock sticky mutual fund assets as intermediaries build switching infrastructure. Second, the challenge of building a young firm's credibility in a market that prizes institutional tenure. Mike is candid: individual experience only goes so far when prospects are evaluating the firm itself, and the answer is simply to deliver exceptional work, every day, one client at a time.Tired of chasing outdated leads? Book a demo to see how Dakota Marketplace simplifies your fundraising process with accurate, up-to-date investor data.
In this week's Market Maker Podcast, we break down Bill Ackman's high-stakes bid for Universal Music Group, the entertainment giant behind global superstars like Taylor Swift, Sabrina Carpenter and Kendrick Lamar. With the takeover offer estimated at $64.3bn, we unpack the M&A strategy underpinning the deal and why Pershing Square believes a US relisting could unlock significant value.From listing arbitrage to capital structure optimisation, we explore how shifting UMG's listing from Europe to the US could drive a meaningful valuation re-rating. We dive into the mechanics of the transaction, including free float dynamics, liquidity constraints, and why Ackman has strategically reduced his own stake to help enable the relisting.We also compare this approach to other major listing migrations and examine how differences in market structure, investor base, and risk appetite can materially impact pricing. To round things out, we briefly touch on the evolving industry backdrop, including the rise of AI-generated music and what it could mean for the long-term positioning of music rights businesses.A focused episode on modern dealmaking strategy and how financial engineering and market structure can be powerful levers for value creation.(00:00) Intel Deal Breakdown(05:36) Energy & AI Deals(06:40) $64B UMG Bid(07:38) Listing Arbitrage Explained(10:25) Ackman's Strategy(15:06) Free Float & Liquidity(17:33) Music Industry & AI*****Subscribe to the daily Market Maker newsletter
This week on the Market Maker Podcast, we break down a $27 billion AI deal between Meta and Nebius and what it reveals about the global race for compute power. We also dive into Unicredit's $28 billion move on Commerzbank and why it's become one of Europe's most political banking battles.Plus, we cover the biggest deals of the week across wealth management, asset management, and defense, and explain what they tell us about where markets are heading next.(00:00) Intro(00:47) M&A Deals of the Week(07:49) Meta Nebius AI Deal(14:28) Unicredit Commerzbank Takeover*****Take a free M&A accelerator simulationSubscribe to the daily Market Maker newsletter
The market got it wrong.After months of expecting easier policy, central banks have just delivered a major reality check. The Federal Reserve is no longer forecasting cuts, the Bank of England is turning more hawkish, and the European Central Bank could move sooner than anyone expected.Behind it all is a new inflation threat building beneath the surface. Energy prices are rising fast, and if they stay elevated, the consequences could ripple through food, wages, and the broader economy.This episode breaks down the chain reaction now unfolding across global markets, why bond yields are surging, and how a temporary shock could become something much more persistent.The big question is no longer when rates will fall but whether they're about to rise again.(00:00) Rate Cuts Shock(02:14) Fed Turns Hawkish(08:30) Iran, Oil & Inflation(15:46) Market Reaction(19:59) Gold Drop Explained(26:13) Bank of England Shift(30:00) UK Energy Risk(37:06) ECB Pivot(38:27) Inflation Feedback Loop(43:50) Iran Impact on Food & Energy*****Join our next free Markets Accelerator Simulation Subscribe to the daily Market Maker newsletter
In this week's Market Maker Podcast M&A episode, we break down the biggest deals moving markets right now. We start with Axel Springer's $770 million acquisition of the Daily Telegraph, the proposed Airbus–Leonardo–Thales space merger aimed at competing with SpaceX, and the latest developments in the Monte dei Paschi–Mediobanca deal. We also discuss a new take-private bid for Papa John's and a recent investment into AmplifyME.We then dive into the rapid rise of prediction markets like Kalshi and Polymarket. These platforms allow users to trade contracts on real-world outcomes—from crypto prices and politics to economic events. With valuations potentially approaching $20 billion, we explore how prediction markets work, why hedge funds are beginning to exploit arbitrage opportunities, and whether this could evolve into a new financial market infrastructure or remain a controversial betting niche.Chapters(00:00) Introduction(01:18) Axel Springer Buys the Telegraph(05:11) European Space Merger vs SpaceX(06:52) Monte dei Paschi–Mediobanca Deal(07:24) Papa John's Take-Private Bid(10:27) AmplifyME Investment Explained(13:33) What Are Prediction Markets?(20:06) Prediction Market Size(22:52) Who Built Polymarket & Kalshi?(29:02) Hedge Funds Enter Prediction Markets(32:49) Market Manipulation Risks(38:42) Regulation & Legal Risks(41:51) The Bull Case for Prediction Markets(42:43) The Bear Case for Prediction Markets(46:01) Final ThoughtsFind out more about simulation in attraction, training and assessment www.amplifyme.comSubscribe to the Market Maker daily newsletter
Ever wonder what separates the folks pricing options on a trading floor from you clicking "buy" on your phone? In this episode of Wide World of Options, host Mark Benzaquen welcomes market maker Wes Breton of Breton Holdings, LLC to help break down the surprisingly symbiotic relationship between market makers and retail traders.
In this episode of Market Maker by AmplifyME, we sit down with Nick Leeson to explore trading psychology, risk management and what it takes to survive public failure after the collapse of Barings Bank and more than $1.3 billion in losses.At just 25 years old, Leeson was running a derivatives operation in Singapore during the high-pressure culture of 1990s banking. What followed brought down a 233-year-old institution and became one of the most infamous events in modern financial history. But this conversation goes far beyond the headlines.We examine the psychology behind catastrophic risk, the pressure to succeed at a young age, and how ego and fear of failure can quietly distort decision-making. Nick reflects on the culture inside investment banking at the time, the compounding effect of hidden mistakes, and what resilience really means after prison, public scrutiny and rebuilding a life from scratch.For anyone pursuing a career in trading, investment banking or financial markets, this episode offers a rare and candid perspective on ambition, accountability and the true cost of unchecked pressure.Market Maker by AmplifyME brings you conversations with the people who've experienced the highs and lows of global financial markets and the lessons they learned along the way.(00:00) The Rogue Trader Story(02:25) Growing Up & First Ambitions(04:36) Entering the City(10:24) Morgan Stanley & Big Bang(14:33) Fast Promotions in Finance(22:44) Joining Barings(25:06) Singapore at 25(29:41) When Pressure Builds(31:57) Managing Without Mentors(34:14) Getting on With Everyone(37:38) Status, Culture & Ego(42:14) Stress Was Off The Charts(42:58) The Losses Spiral(48:35) Ethics & Accountability(52:14) Fear of Failure(55:45) Prison & Resilience
Industry leaders from Auros, GSR, and Selini take the stage Consensus Hong Kong to dismantle the "evil" market maker narrative and explain their role as a defense against catastrophic volatility. Leaders from market makers took the stage at Consensus Hong Kong to dismantle the "evil" market maker narrative that dominates social media. In this candid panel, Auros Chief Commercial Officer, Jason Atkins, GSR's Managing Director and Head of APAC and EMEA Sales, Chuan Jin, and Selini's CEO and Founder, Jordi Alexander, explain why market makers are the primary defense against catastrophic volatility rather than the cause of it.
Auros CCO Jason Atkins defends the essential role of market makers in stabilizing institutional capital and evaluates Hong Kong's strategic position as the bridge between global liquidity markets. Auros CCO Jason Atkins joined CoinDesk Live at Consensus Hong Kong to debunk the "evil" market maker narrative, arguing that liquidity providers are the primary defense against catastrophic volatility. Atkins explains how recent market dislocations exposed the risks of a system without market makers, where absent liquidity makes assets uninvestable for pension funds and major institutions. He highlights the growing competition between centralized exchanges and on-chain venues like Hyperliquid, while detailing why Hong Kong is destined to "run back the playbook" as the definitive gateway for Western capital to access Eastern markets. - This episode was hosted live by Sam Ewen and Will Foxley at Consensus Hong Kong 2026, presented by Hex Trust.
There are products out there that lots of people both own and hate. Life insurance is one of those products. Whole life insurance, and its variants, have probably the worst reputation among all life insurance choices. My guest today is a financial advisor who seems to have found some good uses for life insurance while you're still alive. Sound counterintuitive? Then listen to this episode.Drew Powers is the Founder of Powers Financial Group, LLC, a Registered Investment Advisor. He specializes in advanced insurance and investment strategies for doctors. Drew is 100% independent, he doesn't work with any investment or insurance company, which means he's able to give unbiased advice that is most beneficial for his clients. Drew started his career in 2001 as a Market Maker on the Chicago Board Options Exchange, where he managed trading portfolios comprising hundreds of equity- and equity-index option listings. In 2008, he transitioned to the role of Financial Advisor and Investment Advisor Representative, where he helped clients develop individual financial strategies. At Powers Financial Group, Drew leverages his stock and options trading expertise with his financial advising experience to help clients increase and protect their wealth. Drew lives in Naperville with his wife and their two children. He is an avid downhill skier, active in youth sports, a proud "Rooster" within the Naperville Jaycees, and is passionate about CrossFit and the Paleo/Primal Lifestyle.In this episode Carl White and Drew Powers discuss:The different types of life insuranceWhat Drew Powers means by “living benefits of life insurance”Some examples of using life insurance while still aliveWant to be a guest on PracticeCare?Have an experience with a business issue you think others will benefit from? Come on PracticeCare and tell the world! Here's the link where you can get the process started.Connect with Drew Powershttps://powersfg.com/https://www.linkedin.com/in/powersdrew/https://www.facebook.com/PowersFGhttps://twitter.com/Powers_FGhttps://www.instagram.com/powers_fg/Connect with Carl WhiteWebsite: http://www.marketvisorygroup.comEmail: whitec@marketvisorygroup.comFacebook: https://www.facebook.com/marketvisorygroupYouTube: https://www.youtube.com/channel/UCD9BLCu_i2ezBj1ktUHVmigLinkedIn: http://www.linkedin.com/in/healthcaremktg
Send us a textIn this powerhouse episode, Joey Pinz sits down with one of cybersecurity's most influential builders—a serial market maker who has helped shape some of the industry's most iconic companies. From Sourcefire and Fortinet to Cylance, Javelin, and now Sevco Security, Fitz brings unmatched perspective on what separates successful cyber companies from the rest—and what MSPs must do now to stay relevant.Fitz breaks down why visibility is the core of modern security, why most organizations still don't actually know what assets they have, and how exposure management has become the foundation of cyber resilience. He also explains where the real money is flowing in the MSP/MSSP space, the biggest mistakes founders still make, and what MSPs must do to move confidently into security services.On the personal side, Fitz shares insights from a life built around curiosity, communication, and impact—shaped by early roles at Coca-Cola during the Olympics, BMC, Compaq, and decades of startup leadership. His mission today? Protect the planet through better security, better intelligence, and smarter business decisions.
In this episode, we examine what actually happens when crypto markets break — how leverage builds beneath the surface, liquidity disappears, and liquidation cascades turn volatility into systemic failure. Doug Colkitt, a quantitative trader and DeFi builder whose experience spans both traditional finance and crypto market structure. Doug began his career on Wall Street at Citigroup before moving into high-frequency trading at Citadel during the 2008 financial crisis. He later built and traded his own systems across futures, volatility products, and international equities, including running a major market-making operation in Turkish stocks. Today, Doug focuses on crypto and DeFi infrastructure, working with perpetual futures, liquidation mechanics, and exchange design. We discuss why traders still get wiped out when they think they're hedged, how liquidation cascades accelerate, and what recent market failures reveal about leverage and market structure under stress. Links +Resources: Ambient Finance on X (Twitter): @AmbientFinance Website: https://ambient.finance Sponsor of Chat With Traders Podcast: ● Trade The Pool: http://www.tradethepool.com Time Stamps: Please note: Exact times will vary depending on current ads. 00:00:00 Intro and Background 00:03:43 Starting Individual Trading and High Frequency Systems 00:04:09 Focus on Index Futures and Competitive Markets 00:06:15 Michael Lewis's 'Flash Boys' and HFT Accuracy 00:07:00 Impact of HFT on Smaller Traders 00:09:13 Market Makers and Price Competition 00:09:37 HFT Evolution and Market Dynamics 00:11:24 Trading VIX Futures and Market Inefficiencies 00:13:08 Transitioning to Medium Frequency Trading 00:13:34 Trading Turkish Equities and Market Makings 00:15:35 Exploring Cryptocurrency Trading 00:18:32 Diving into Decentralized Finance (DeFi) 00:20:06 Arbitrage Opportunities in Crypto Markets 00:22:00 Flash Loans and Risk-Free Trading 00:22:48 Adjustments to Trading Bots Over Time 00:25:11 Criteria for Trusting Decentralized Exchanges 00:28:46 Liquidity Providing and Yield Opportunities 00:29:16 Volatility and Risks in Liquidity Provisioning 00:31:47 Understanding Perpetual Contracts in Crypto 00:36:04 October 10, 2025 Crypto Massacre Overview 00:37:36 Leverage and Market Dynamics 00:41:23 Impact of Liquidations on Market Sentiment 00:41:43 Market Maker Behavior During Crises 00:43:45 Liquidity Issues in Centralized Exchanges 00:44:53 Hyper Liquid Vault and Liquidation Dynamics 00:45:55 Market Making Strategies and Risk Management 00:49:15 Insurance Fund Models in DeFi 00:51:43 Ambient Finance Project Overview 00:53:08 Separation of Exchange and Clearinghouse 00:54:14 Innovations in Perpetual Trading 00:55:46 Takeaways from the October 10th Massacre 00:57:03 Future Plans for Insurance Fund Integration 00:58:28 Real World Assets and Crypto Integration Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice. Learn more about your ad choices. Visit megaphone.fm/adchoices