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Philip Stafford

@staffordphilip.bsky.social

6.2K followers 230 following 500 posts

Digital Markets News editor at the Financial Times https://bsky.app/profile/financialtimes.com. Bits of markets, bits of market structure, bits of crypto or mix of all of them. If you've been spammed in your DM with a crypto scam, it's not me.

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Philip Stafford @staffordphilip.bsky.social · Jan 22

Sadly I have a new impostor.
It's not me - note the double 'l' in Phillip.

If you've been contacted, pls ignore/delete the message and report them. Thanks.

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Philip Stafford @staffordphilip.bsky.social · 1d

I rarely have to listen to a Badenoch speech all the way through. Developing deepening respect for those who do this professionally.

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Philip Stafford @staffordphilip.bsky.social · 1d

Hopefully from some angles it can block out views of the Walkie Talkie
www.bbc.co.uk/news/article...

City of London approves plans for new Square Mile skyscraper

The new development at 130 Fenchurch Street is due to be completed in 2030.

www.bbc.co.uk

Reposted by Philip Stafford

Duncan Lamont @duncanlamont2.bsky.social · 1d

🫣 Profits are for wimps. Revenues are for losers. Ideas sell, not fundamentals

Over half the Nasdaq market is loss making. About 1-in-8 companies have no revenues

There are a lot more in these camps than in the past

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Philip Stafford @staffordphilip.bsky.social · 2d

The old(est) US market meets the new.

NYSE owner ICE is investing up to $2bn in Polymarket, valuing the prediction site at around $8bn.

ir.theice.com/press/news-d...

ICE Announces Strategic Investment in Polymarket

ICE to Become Distributor of Polymarket Data to Institutional Investors Globally Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced a strateg...

ir.theice.com

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Philip Stafford @staffordphilip.bsky.social · 2d

The article says Trilogy's Amber Road project has copper, cobalt, gallium and germanium.
On one hand, there's tariffs on Canada and then this. This isn't a normal trade war.

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Philip Stafford @staffordphilip.bsky.social · 2d

A 10% stake for a Canadian miner with access to rare minerals but mining likely to despoil the environment. Oh well. "It is an economic gold mine, so to speak" says Trump.

Capitalism with American characteristics
www.ft.com/content/8951...

White House says it will take 10% stake in Trilogy Metals

Shares in mining company more than double on announcement from US secretary of interior

www.ft.com

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Reposted by Philip Stafford

Jack Schickler @jackschickler.bsky.social · 3d

Sébastien Lecornu 🇫🇷 has resigned after serving 0.55 Liz Trusses in office

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Philip Stafford @staffordphilip.bsky.social · 4d

Always on, always gathering data...but not definitely not intrusive or like your weird AI girlfriend.
Let's guess which side of the divide this thing is going to fall. This is Homer Simpson's car design.
www.ft.com/content/58b0...

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Reposted by Philip Stafford

Katie Martin @katie0martin.ft.com · 5d

more than a whiff of self-censorship in markets at the moment. No-one wants to call BS on, ya know, everything, for fear of angering the president

on.ft.com/4pRyTHp

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Philip Stafford @staffordphilip.bsky.social · 5d

The surprise here is they haven't stipulated payment is to be made in stablecoins. Yet.

The New York Times @nytimes.com · 5d

From @theathleticfc.bsky.social: FIFA will charge both sellers and buyers a 15% fee on its official 2026 World Cup ticket resale platform, which launched on Thursday and almost immediately had some tickets listed for tens of thousands of dollars.

World Cup ticket resale madness begins as FIFA takes two 15% fees on each sale

FIFA looks set to profit heavily from the World Cup resale ticket market

nyti.ms

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Philip Stafford @staffordphilip.bsky.social · 5d

To justify it all, consumers are going to have to pay handsomely for AI and I don't see enough evidence consumers are ready to pay up for a so-so product.

Philip Stafford @staffordphilip.bsky.social · 5d

It's ok, says Jeff Bezos, it's the right kind of bubble.

He has a point: credit bubbles do huge amounts of damage but equity-fueled capex bubbles bring wreckage too. It's mainly to people with vast amounts of money and sky high valuations.
www.ft.com/content/8d80...

Jeff Bezos hails AI boom as ‘good’ kind of bubble

Amazon founder’s comments follow warning by Goldman Sachs’ David Solomon that ‘it’s not different this time’

www.ft.com

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Reposted by Philip Stafford

Financial Times @financialtimes.com · 6d

Breaking news: Greater Manchester Police said that its officers shot two of the victims in the attack on a synagogue in the city on Thursday, one of whom died. on.ft.com/3VJlnbj

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Reposted by Philip Stafford

Tony Tassell @tonytassell.bsky.social · 6d

The AI capex endgame is approaching - the always excellent @ianrharnett.bsky.social here on the AI bubble and how it is likely to burst. This chart from @raydouglas.bsky.social in the column underlines the risks www.ft.com/content/c7b9...

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Philip Stafford @staffordphilip.bsky.social · 6d

Hester Pierce, who understands this stuff at the SEC as well as anyone, has laid it out pretty clearly.

Philip Stafford @staffordphilip.bsky.social · 6d

When a “swap” isn’t a swap, it’s a political signal
www.ft.com/content/36cf...

Preparing for politicised dollar liquidity

The time to act is now

www.ft.com

Philip Stafford @staffordphilip.bsky.social · 6d

Social media use looks like it's on the decline except in two areas, the over 55s and N America.
Which would explain a lot.
www.ft.com/content/a072...

Have we passed peak social media?

As platforms degrade into outrage and slop, users are turning away

www.ft.com

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Reposted by Philip Stafford

Tom Hearden @followtheh.bsky.social · 6d

this is known as progress

also a huge red flag for the public betting companies, they're destroying their best customers and the customers are finally starting to take note

John Gramlich @johngramlich.bsky.social · 6d

% of US men under 30 who say legal sports betting is a *bad thing* for society

22% in 2022
47% in 2025

No other demographic group has seen a bigger increase.

Americans increasingly see legal sports betting as a bad thing for society and sports

Today, 43% of U.S. adults say the fact that sports betting is now legal in much of the country is a bad thing for society, up from 34% in 2022.

www.pewresearch.org

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Philip Stafford @staffordphilip.bsky.social · 6d

While Badenoch is amusing it also casually shows the ignorance/irrelevance of N Ireland to London politicians.

Few (no?) Hands of Ulster waved at the Lab conference and Starmer omitted it from his speech several times...

Reposted by Philip Stafford

Stephen Bush @stephenkb.bsky.social · 6d

I love this. The purest essence of Kemi - incredibly wrong, bizarrely belligerent about it, and also wrong in a way where you just go “have you considered reading anything other than your Twitter feed?”

Michael @michaeljsc.bsky.social · 6d

The not-quite-correction is really funny. “A lot” rather than “a majority”.

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Philip Stafford @staffordphilip.bsky.social · 6d

"All holiday or weekend trading from Fri evening through Sunday evening will have a trade date of the following business day" - so not quite instant settlement then

Philip Stafford @staffordphilip.bsky.social · 7d

It's a market replete with potential conflicts of interests. eg

I'm not sure how you could have a CFTC chair regulating the market having just been on the board of a company benefiting from a certain reading of the regs.

www.ft.com/content/a117...

Prediction market with Trump ties threatens US sports bet sector

Kalshi counts Donald Jr as an adviser and is not subject to gambling laws because it is regulated as a derivatives platform

www.ft.com

Reposted by Philip Stafford

Tuffy @smtuffy.bsky.social · 7d

Avoid gaming regulation with this one weird trick www.barrons.com/articles/dra...

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Philip Stafford @staffordphilip.bsky.social · 7d

It's a market nominally regulated by the CFTC, which hasn't said a word because the top is in turmoil. Technically they're 'events' contracts but the bulk is sports. Note the jump with the start of the NFL season.

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