personal account; commodities, derivatives, and markets attorney
Joined November 2020
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So I watched the trailer - and that is the most contrived garbage half-attempt I have ever seen. Sad. It’s not related in any way, at all, to the real story (which is - by the way - fascinating all on its own). Completely fabricated garbage from start to finish - and not in a good way. Weird. We all deserved better. Sam deserves better. All things considered.
Thanks for your attention to this matter.
I would pay someone, including AT&T, $12 a month to stop political donation request texts from coming to my phone. Anyone want to make this?
Ryne Miller 🇺🇸 retweeted
. @statedeptspox - Las políticas incompetentes del régimen cubano son las responsables de la crisis humanitaria en la isla.
Hemos ofrecido 100 millones de dólares en ayuda humanitaria que se destinará directamente al pueblo cubano, no al régimen. Queremos ver una Cuba donde los cubanos puedan ser libres, felices y prósperos.
The Cuban regime’s own incompetent policies are responsible for the island’s humanitarian crisis.
We have offered $100 million in humanitarian assistance that goes directly to the Cuban people, not the regime. We want to see a Cuba where Cubans can be free, happy, and prosperous.
Ryne Miller 🇺🇸 retweeted
Great sharing the stage with @pmwnyc to discuss the @CFTC’s work on crypto, AI, & prediction markets. As @ChairmanSelig often says, the U.S. must lead in this new frontier of finance.
Tomorrow, the Senate can take an important step toward securing that leadership 🇺🇸
.@passalacqua_mj joins @pmwnyc for a look inside the CFTC’s Crypto Innovation Task Force at Solana Summit.
The @CFTC stands ready to implement Clarity if passed, but @ChairmanSelig has also directed staff to explore what the agency can do under its existing authorities.
One of my favorite things ever is trips with my son (heading to Oklahoma today for weekend to see some friends, do fantasy football draft, play golf with grandpa, swim with cousins, and eat meals with grandma). We get one ride around this sun. Only one - a constant truth. Enjoy it.
Ryne Miller 🇺🇸 retweeted
Compute is becoming a defining commodity of the intelligence economy.
The @CFTC is seeking public comment to ensure its derivatives markets are ready for it.
.@CFTC Requests Comment on the Listing of Compute Derivatives Contracts: cftc.gov/PressRoom/PressRele…
SALT x Kraken in Wyoming such a great event. Senator Gallego here today - talking Clarity Act. @SALTConference
Ryne Miller 🇺🇸 retweeted
In what might be a world's first, Gibraltar enacted fit-for-purpose Prediction Market regulations.
Most notably, Prediction Markets are treated as a distinct category, not betting or gaming.
Contracts on death, terrorism, war and criminal conduct can be prohibited by direction.
Prediction markets are a (poorly understood) multi-billion dollar industry.
This @LawofCodeFM episode is a multi-hour deep dive on prediction markets, from conclave betting in 15th century Rome to proposed rulemaking from the @CFTC earlier this month.
My goal: the internet's most comprehensive explainer on prediction markets.
I spent several months and over 100 hours on this podcast, and spoke to the world's leading experts on the legal layer of prediction markets: @robertjdenault, @WALLACHLEGAL, @SPSchropp, Sam Enzer, @iampaulgrewal, @BradBourque, @ThaniaCh, @passalacqua_mj, @JoshSterlingLaw, @_jamico, as well as @KolemanStrumpf, @mattkalish, with clips from prior conversations with @giancarloMKTS, @DustinGouker.
By the end of this episode, I promise you'll be in the top percentile for understanding prediction markets, regardless of your starting point.
(You just might want to listen twice. There's a lot here.)
0:00 Intro
1:40 16th century papal betting @KolemanStrumpf
11:13 Insider trading rules @robertjdenault
16:20 The Google insider case
27:38 Why prediction markets matter @giancarloMKTS
33:20 Election betting in America
44:50 Iowa Electronic Markets
52:11 Dodd-Frank, swaps and the Special Rule
54:23 Senator Lincoln on sports contracts
1:02:04 Parlays as swaps
1:07:38 CFTC's exclusive jurisdiction @ThaniaCh
1:13:45 Perspective on CFTC's NPRM @passalacqua_mj
1:21:10 Exceptions that swallow the rule @iampaulgrewal
1:33:40 How prediction markets actually work
1:42:20 Kalshi's fee structure
1:44:33 Cardi B and the resolution problem @DustinGouker
1:51:20 @Polymarket's decentralized resolution @_jamico
1:58:10 The Ninth Circuit case
2:14:04 CFTC's proposed rulemaking @BradBourque, @SPSchropp
2:25:21 @Kalshi's landmark 2024 win
2:29:20 PASPA, Murphy v. NCAA @WALLACHLEGAL
2:51:29 The case against banning prediction markets @robertjdenault
Nothing in this podcast is legal or investment advice. Thank you to the sponsors of this episode, @CahillGordon (@NYcryptolawyer), @HyperliquidPC and .
Happy 250. USA USA USA 🇺🇸🇺🇸🇺🇸
Blessed and proud to continue building in America - always in pursuit of the next horizon.
As a friend recently told me: “The areas of light are the wildfires.”
That’s America, there’s always light somewhere and our wildfires push us to constantly renew our focus and vision. USA.
Another instant 4% bump to Japan’s GDP:
Let’s stop wrapping every single napkin in its own individual plastic wrapper.
We don’t need to wrap napkins in plastic. Trust me. 10,000 human years of productivity are lost each day (by my estimates) to the time it takes a nation to unwrap each napkin. We have AI now. We need not wrap napkins in plastic wrappers.
#Japan #RyneGrowthAdvisory
You could increase Japan’s productivity and GDP by at least 27%, overnight, with two simple changes:
(1) add public trash cans (people wander aimlessly for miles trying to find somewhere to deposit their rubbish), and
(2) tell people to cross the street / jaywalk (and not wait for a walk sign) when there is literally no traffic in sight (people stand and wait for a walk sign, in queues, while there are zero cars in sight - entire lifetimes of productivity are being spent idle, starting at a traffic signal walk light).
These ideas are free, Japan. I have many more - instant unlocks for the economy. I’ll be here.