“The Strait of Hormuz is essentially closed, and yet prices are only up a little bit,” said oil forecaster Dan Pickering, founder of the Pickering Energy Partners consulting and research firm, admitting he expected greater market movement.
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Why do you think Polymarket and Kalshi are so motivated to say that they’re news instead of just saying that they are prediction markets? There’s something there where they are absolutely drawn to insisting that they’re the news, that the thing that they’re giving you is information before it happens. What do you think that motivation is?