Joined March 2016
- Tweets 530
- Following 2,358
- Followers 10,445
- Likes 22,057
34 Photos and videos
Katherine Long retweeted
One year in the making, the story of a front-line town as the Russians closed in.
Druzhkivka was a town of 68,000 with the last tram line in Donbas, two rivers and leafy streets. As Russia closed in, residents faced an agonizing decision: When to drop everything and run?
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Katherine Long retweeted
WSJ exclusive: the CFTC is set to propose rules on prediction markets today. Most sports contracts would be allowed, but not some micro-bets on player injuries or the first pitch in an MLB game. War bets will be a no-go zone. From my colleague @dgtokar wsj.com/finance/regulation/t…
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Katherine Long retweeted
Jun 9
Late to this but my colleagues at Throughline did a great job on this episode breaking down the long and twisted history of prediction markets, from late 19th century stigmatized experiment to Iowa academic exercise to a killed Pentagon project, to Kalshi and Polymarket open.spotify.com/episode/0Bd…
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Katherine Long retweeted
Jun 9
SCOOP: Kalshi will start requiring users to fill out a form reflecting their employment in order to gain access to select prediction markets in an effort to combat potential insider trading.
Sensitive betting markets related to issues such as company performance and national security, including the war in Iran, are expected to require employment disclosure.
Kalshi won’t verify the employment information provided by users unless the company learns of suspicious activity.
The increasing popularity of prediction markets like Kalshi and Polymarket has compounded pressure on them to address suspicious activity, with lawmakers, regulators and prosecutors raising concerns about insider trading.
Story w/ @kryshur and @ByKLong
wsj.com/finance/regulation/k…
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Katherine Long retweeted
Personal news: after 7 years, today’s my last day @wsj. I’m so lucky to have worked alongside so many amazing people at the best newspaper in the world.
I’m on to something new, which I’ll say more about soon. In the meantime, working on my book. Stay tuned!
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Katherine Long retweeted
May 31
Bill Gates was once ranked the world’s most admired man—but the revelations of his Jeffrey Epstein ties are eroding efforts to burnish his reputation.
Our deep dive into the fallout, packed with new details: wsj.com/business/bill-gates-…
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Katherine Long retweeted
May 26
Very excited to announce that I’ll be joining @WSJ as a reporter covering culture and power, starting next month. I’ll be writing about the social dynamics of wealth and privilege and the powerful people shaping culture from behind closed doors. Send tips!
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Katherine Long retweeted
May 20
Everyone's always talking about the NYT Cooking comments but we need to keep our eye on what really matters: the WTA trip reports.
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May 19
RT @ntabrizy: our recently laid off colleague Frank Hulley-Jones was diagnosed with stage four brain cancer about four weeks ago. his wife…
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Katherine Long retweeted
May 18
Exclusive: Senators working to protect children online are introducing bipartisan legislation that would ban digital gambling ads targeting people under the age of 18 on.wsj.com/43e0h8q
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Katherine Long retweeted
May 18
When a @Polymarket result is disputed, it goes to a decentralized panel of judges.
But the system is rife with conflicts: ~60% of judges were linked to Polymarket accounts, and in nearly 20% of disputes we found judges tied to bets on the very markets they were deciding.
w/ @aosipovich
wsj.com/finance/polymarket-b…
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May 18
Investigators at Kalshi are examining "whether spouses of military members are betting with nonpublic information...[they] suspect military officials have discussed the events with their spouses, who have tried to make money by betting on event contracts." wsj.com/finance/regulation/g…
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May 14
strange feeling to find myself in the journal's opinion pages for once
May 13
I cited this in my WSJ piece, because this is one of the best pieces of journalism on government waste I've read. Truly amazing findings on celebrities giving themselves million dollar payouts and subsidizing their private jets out of the SVOG program.
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Katherine Long retweeted
May 13
EXCLUSIVE: Kalshi retail bettors have lost more than $100 million on parlays this year.
Feature story here: sportico.com/business/sports…
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Katherine Long retweeted
May 7
me when my editor asks how the draft is coming along
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Katherine Long retweeted
U.S. diplomats have been warned not to use confidential information to place bets on gambling websites as money pours into wagers over U.S-Iran negotiations, according to an internal State Department directive reviewed by The Wall Street Journal. wsj.com/livecoverage/iran-ho…
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Katherine Long retweeted
May 6
NEW: When you make a parlay bet on a prediction market, FanDuel might be your counterparty.
Flutter, the parent-company of FanDuel, announced in its Q1 earnings report today that "in April, we began trialing market-making services on a major, third-party prediction market platform.”
FanDuel has its own prediction market platform, FanDuel Predicts, which $FLUT CEO Peter Jackson tells me is mainly for onboarding new bettors in states yet to legalize traditional sports betting.
“I want to do both,” Jackson says. “I want to make money through market-making and I want to acquire customers.”
The prediction market market-making Flutter is doing is mainly in prediction market parlay or "combo" bets, Jackson says.
Prediction markets say they differ from sports betting operators because they aren't the house. But now they may be pitting you against the house of Flutter.
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Katherine Long retweeted
May 5
And Valerie is the best reporter and colleague. A much deserved kudos.
May 4
Valerie Bauerlein and WSJ team win Pulitzer finalist award in Horry County SC “Camp Swamp Road” podcasts. Their work is solidly fact-based and great story telling, not gossipy talk show stuff. BTW, Bauerlein girl boss wrote best book on Murdaugh saga
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Katherine Long retweeted
Kalshi responds to @wsj story on prediction markets loss rates with comps showing their users have better loss rates than day traders in Taiwanese stocks between 1995 and 1999, Indian options traders, sports books and traders of Brazilian equity futures.
May 4
WSJ came to us with a profitability analysis of public Kalshi profiles. Which was inaccurate, because the majority of traders keep their profiles private. So we did the analysis ourselves and gave it to the WSJ. Our analysis showed that Kalshi traders win more than they do on day trading, options, sportsbooks, and futures.
It’s the first time we’ve given out that data. We debated whether or not to give it out. But we figured it was better than a shoddy analysis that showed people lose a lot more than they actually do.
The WSJ included our points. But instead of looking at our data from multiple sides - yes, majority lose, but prediction markets > day trading, options, and sportsbooks - they kept it salacious as possible.
This same framing could have been written about real estate investing or day trading back in the day. Guess we just have to wait a few years until we get more balanced reporting?
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