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Finance 2027

Lexicon Labs

Building consensus on financial definitions.

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Substack
PricingFreemiumPublishesWeekly
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Latest Issues

Recent posts by this newsletter. Browse the email archive.

Kalshi’s Gambit: The Bet That Could Break Sports Gambling

Last week, we dismantled the notion that the “sports-is-a-commodity” theory (or, alternatively, the “sports-event-contracts-are-swaps” theory) was some post hoc invention by Kalshi–an argument that came out of left field. Instead, we argued...

2 months ago
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Futures Markets Deserve Better Press

When Journalism Misses the Mark

3 months ago
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Why Investing, Speculating, Gambling and Gaming Are Colliding Into One Giant Headache

There’s a real possibility that Kalshi and Polymarket won’t be remembered for their sports event contracts. We believe those will eventually be outlawed by the courts. Election contracts might leave their mark (assuming that those don’t get...

3 months ago
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Prediction Markets, Portfolio Myths and a Sliver of Common Sense

Like clockwork… sports event contracts are coming to Chicago.

3 months ago
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Authors

The writers behind this newsletter.

  • Lexicon Labs

    Reshaping law and finance through definitional clarity.

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