Crowd Money Cast 002 - Jason Trost, Smarkets Founder and CEO
The second episode of the 💰 #CrowdMoneyCast is out! Every month, Global Guessing co-founders Clay and Andrew chat with interesting thinkers, leaders, bettors, and entrepreneurs in the prediction market space to explore markets, strategies, and news. This month we were lucky enough to sit down with Jason Trost (rhymes with 'most'), the founder and CEO of London-based betting exchange and prediction market #Smarkets.
#JoinTheCrowd: https://www.crowdmoney.io/
In this month’s episode Jason dives deep on the inception of Smarkets, providing candid consideration of the platform's development to date, and potential areas for future improvement. He also shares his thoughts on the growth of the prediction market space and where Smarkets fits in the ecosystem. In the episode we also chat with Jason about the complicated and diverse nomenclature in prediction markets, and offer our own suggestions for solutions to this issue.
Before the interview with Jason, Clay and Andrew discuss their macro views on prediction markets. The prediction market industry is extremely fragmented, with new market platforms launching beta programs seemingly each month. And like as have observed in other industries in the past, industry consolidation is likely inevitable. We explore (and predict!) what this consolidation will look like and when it will happen, in addition to the impact of these dynamics on prediction markets then and now.
Timeline:
00:00 | Intro
01:45 | PM Fragmentation & Consolidation
12:20 | Interview w/ Jason Trost, Smarkets CEO & Founder
45:00 | Is Prediction Market the Right Term?
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