About this app
About Fire Tale
There are no SCOTUS-prediction market contracts currently on Kalshi but Polymarket lists a 41% probability that the court will accept an event contract case by 31 December.
A hearing before the Supreme Court would be the culmination of what has been the biggest sports betting-related development since PASPA. Perhaps no other issue has united gaming stakeholders from various companies, tribes, states and regulators.
Beginning with the US presidential elections in November 2024, when prediction markets catapulted into mainstream culture, their rise has been undeniable. Kalshi and Polymarket have seen their valuations balloon to $40 billion and $21 billion, respectively, and the majority of the top US bookmakers have scrambled to expand into the prediction space in various forms, either by building their own exchanges, acquiring existing ones or engaging in market-making.
What is Fire Tale?
Once it becomes obvious, it will be too late to do anything about it. It doesn’t matter how great a company you have. If you are interested in preserving your company, there is only one thing you can do. Replace any extra fiat currency stuck on your balance sheet with real money, with gold, now, or you will sink together with all the inflated paper nothing units on your balance sheets.
I concede, CEOs know much more about business than I do. That’s why they are business leaders and I am not, nor will I ever be. So who the hell am I then? I will say confidently, I absolutely know my place in this world. It is as clear to me as the sun. I may not understand much about doing business, but I know what money is, and I know what money is not. I know what happens to unbacked paper currency when governments shut down the world and blast currency from monetary firehoses all over the world until we are all drowning in it. It dies.
Are you listening, Oh you gaming industry execs? If you’re a CEO reading this, or a CFO, and you’re struggling with shut down casinos and mounting debt, I’m talking to you. You have only a few months at most to protect your companies from a hyperinflationary nuclear bomb that is about to go off and destroy everything in its path. The fuse is being lit as I write this. I will now describe the fuse.
About Fire Tale
The share price came under pressure following debt disclosures in Bally’s Q2 10-Q filing, which was submitted to the Securities and Exchange Commission on 14 August.
In the filing, Bally’s noted that based on current forecasts, the business “does not project that it would satisfy the liquidity maintenance requirement” or the “consolidated net leverage ratio covenant” in its revolving credit facility over the next year.
The filing added: “As described below, while the company is actively engaged in discussions on several financing alternatives, the conditions and events raise substantial doubt about the company’s ability to continue as a going concern.”
