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Bloomberg

Nine Crypto Whales Dominate Polymarket Disputes Worth Billions

Bloomberg's Andre Tartar joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." Nine anonymous cryptocurrency wallets have effectively gained control over who wins and loses on Polymarket's most contested prediction market bets, giving a tiny group of unappointed people outsized power over billions of dollars of wagers.

Read more: Nine Crypto Whales Dominate Polymarket Disputes Worth Billions
Bloomberg

Farmers Feel Squeeze From Higher Fuel Costs, Fertilizer Shortages

Michael Swanson, chief agriculture economist at Wells Fargo's Agri-Food Institute, said that fruits and vegetables are facing the most pressure from global events, as higher fuel prices and supply chain disruption squeeze both farmers and consumers. Swanson also said that he doesn't expect the protein craze to go away anytime soon, as obesity drugs send consumers looking for higher nutritional value in fewer calories.

Read more: Farmers Feel Squeeze From Higher Fuel Costs, Fertilizer Shortages
Bloomberg

Outlook for Future is 'Divided' Between Sides of 'K-Shaped' Economy, Says Peter Atwater

Peter Atwater, president at Financial Insyghts and lecturer at William & Mary College, said that the top and bottom of the 'K-shaped economy' have become two vastly different experiences with 'nothing in common' as consumers on the bottom leg of the 'K' feel the daily impact of war fueled inflation and a labor market impacted by AI. Atwater says that the affordability crunch at the bottom of the 'K' will likely result in political turnover in midterm elections this fall.

Read more: Outlook for Future is 'Divided' Between Sides of 'K-Shaped' Economy, Says Peter Atwater
Bloomberg

SEC Chief Atkins Pumps the Brakes on Prediction-Market Funds

Bloomberg's Vildana Hajric and Bloomberg Intelligence's James Seyffart join Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." The top US securities regulator is delaying the launch of a wave of novel exchange-traded funds that would let investors wager on events such as elections and economic data as the agency weighs how far the $15 trillion ETF wrapper can stretch.

Read more: SEC Chief Atkins Pumps the Brakes on Prediction-Market Funds