The result? A confused public, bombarded from every direction, mistaking speculation for safety.
The image says it all: Five institutions, one word, and a consumer caught in the crossfire.

This isn’t a trend.
It’s a linguistic collapse–and it’s everywhere.

In Episode 13, Lex & Bianca expose a systemic failure: Not just platforms. Not just hype. But regulators, courts, Congress, and academia–all echoing the same word.

Our analysis breaks down CFTC jurisdiction, state‑level challenges, the role of financial‑economic‑commercial consequence & how Congress quietly tightened the CEA to decisively capture sports event contracts. Essential reading for anyone following Kalshi, Coinbase & the future of prediction markets

This distinction determines who has jurisdiction over prediction markets and where the industry (and litigation) goes next.

#FCP #FullCourtPress #Coinbase #Kalshi #EventContracts #Gambling #SportsBetting #Betting #SCOUTUS #Roulette #TableGames #Speculation #CFTC

➡️ Contracts on naturally occurring events fall under federal jurisdiction  

➡️ Contracts on artificial, casino‑created events do not

➡️ Sports, weather, elections = in. Roulette = out.

In today’s Full Court Press, we break down the three competing interpretations of FEC, why courts are struggling to draw a workable line and the clean limiting principle everyone has missed:

Listen to “When Value Investing Becomes a Cage” to explore:

• How the value approach lost its edge
• Why identity can quietly override strategy
• What Einhorn’s trajectory reveals about doctrine vs. discipline

When prudence becomes branding, adaptability disappears. And in markets that reward evolution, rigidity is the real risk.

Our latest LexBeyond episode looks at David Einhorn and the arduous path that value investing took, shifting the term from a flexible discipline into a fixed identity. Not because the markets changed, but because the category did.

#LexBeyond #Podcast #Investing #ValueInvesting #Speculation #Crypto #Finance #WarrenBuffet #BenGraham #MarginofSafety #IntrinsicValue

If investing is inherently about value, then “value investing” adds nothing.

And that single redundancy reshaped an entire field.

F27 is now free, permanently.

#F27 #Finance #Investing #Speculation #Gambling #Gaming #Regulation #DefinitionsMatter

In F27, we break down the 7‑step chain reaction that turned a redundant phrase into a philosophical trap — one that blurred the line between investing, speculation, gambling, and gaming, and left the public with neither clarity nor protection.