Bitsize Digest
Investing, Personal Finance & Life
Food for Thought
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WiseTech (WTC): An Underappreciated Software Asset
WISETECH GLOBAL (ASX: WTC) — INVESTMENT MEMORANDUM Sector: Vertical Software Recommendation: LONG | Current Price A$32 | Target A$55 (+72%) | Bear A$30 (-7%) | Bull A$73 (+130%) I. EXECUTIVE SUMMARY AND INVESTMENT RECOMMENDATION II. THE BUSINESS AND WHY IT IS HARD TO REPLACE III. WHY THE STOCK IS DOWN 60%+ IN THE LAST YEAR… Read more
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The House Edge – Tribal Ruling Challenges Prediction Market Viability
THE HOUSE EDGE What the house knows. Occasionally. Issue #10 | September 27, 2026 Covering five weeks, August 16 to September 22. Two scoreboards below catch you up on the tape and the courtroom; the sections carry only what matters from here. THE LEAD Prediction markets got their legal reckoning and their best month ever,… Read more
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THe House Edge – The House held its first hearing on Prediction Market
What the house knows. Occasionally. Issue #08 | July 26, 2026 THE LEAD Washington got loud on prediction markets this week: the House held its first hearing on sports event contracts, Nevada’s congressmen filed a ban bill, twelve senators want the ban written into the crypto bill, and Washington state became the third state with… Read more
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The House Edge – CFTC vs. Michigan on Prediction Market regulations
What the house knows. Occasionally. Issue #07 | July 19, 2026 THE LEAD More regulatory conflict this week, and a new kind. The CFTC ordered Kalshi to keep its Michigan trades open after a Michigan judge ordered them cancelled, so a federal regulator and a state court are now giving the same company opposite orders.… Read more
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The House Edge – New York Federal Judge blocks Kalshi
THE LEAD Prediction markets: Kalshi lost in New York, where a federal judge rejected its core preemption theory on the merits for the first time. Deals: Icahn’s $33 rival bid surfaced against Fertitta’s $31 Caesars deal just as the go-shop closed, while an Icahn-linked director quietly left the board. Gray market: Indiana and Iowa’s sweepstakes… Read more
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The House Edge — Michigan blocks Kalshi Sports Contract
PM legal war reaches a structural threshold. Macau June GGR -12% YoY vs. a bullish CLSA demand survey. DraftKings launches its own PM exchange as Kalshi raises at $40B. Plus: Bally’s three-front pressure, NYC casino table, and a new European section. Read more