Dimon Sounds Off, Prediction Markets vs. Sports Betting | Bloomberg Crypto 6/2/2026
Speakers
Adam Back
— Co-founder and CEO of Blockstream
Denelle Dixon
— CEO & Executive Director, Stellar Development Foundation
Michael Shaulov
— Fireblocks CEO
Summary
The episode covers Bitcoin's price drop below $68,000, institutional adoption trends, and political tensions between Jamie Dimon and Coinbase. It also discusses Galaxy Digital's OTC prediction market desk, Stellar's partnership with DTCC, Walmart-backed fintech OnePay, Fireblocks' stablecoin payment solutions, and an analysis of retail losses in prediction markets vs traditional sports betting.
- Bitcoin fell below $68,000 for the first time in two months amid ETF outflows and Strategy's first BTC sale since 2022.
- Adam Back and Jenny Johnson discuss institutional adoption and tokenized money market funds.
- Jamie Dimon harshly criticized Coinbase CEO Ryan Armstrong over crypto legislation lobbying.
- Galaxy Digital launched an OTC swap desk for institutional prediction market trading.
- Stellar Development Foundation CEO Denelle Dixon highlighted the DTCC partnership and rapid growth of real-world assets on Stellar.
- Walmart-backed fintech OnePay reached 6 million monthly active users and $50 billion in annualized payments.
- Fireblocks launched 'Fireblocks Flow' to simplify stablecoin acceptance for merchants and fintechs.
- A Bloomberg analysis found retail users on prediction markets lose more on multi-leg bets compared to traditional sports betting.
