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MARKETS
💰 Polymarket Traders Pocket Millions From "Free Money" Glitches

(Credit: Polymarket)
The Scoop: A new academic paper reveals that Polymarket, a top crypto prediction platform, has been littered with “free money” opportunities due to pricing inconsistencies, with smart traders pocketing over $40 million in risk-free arbitrage profits from April 2024 to April 2025.
The Details:
The study, Unravelling the Probabilistic Forest: Arbitrage in Prediction Markets, identified over 7,000 Polymarket cases where mispricing, such as “Yes” and “No” shares not adding up to one dollar, created “free money” for quick traders.
Mispricing also appeared in related markets, like divergent odds for “Trump wins the presidency” versus “Republican wins the presidency,” allowing traders to secure profits by exploiting these gaps.
Arbitrageurs, often using automated bots, have capitalized on these “free money” opportunities, even in liquid markets, showing that prediction markets can deviate from true probabilities.
What’s Next: Ongoing arbitrage is likely to make prediction markets more efficient, benefiting users who use them for forecasts, but the persistence of “free money” highlights temporary inaccuracies.
Market Roundup
🏦 Economy
⭐ Editor’s Pick: The Federal Reserve lowered its benchmark interest rate by a quarter percentage point to a 4%–4.25% range, with Governor Stephen Miran, as the sole dissenter, advocating for a half-point cut. (CNBC)
The British government announced that Trump's state visit to the U.K. secured a record £150 billion ($204 billion) in inward investments. (RTS)
The 30-year fixed-rate mortgage fell 10 basis points to 6.39%, its lowest since early October 2024. (MBA)
The Bank of Canada lowered its benchmark interest rate by 25 basis points to 2.5%, pointing to softer economic indicators. (CBC)
🏢 Industry
⭐ Editor’s Pick: ABC indefinitely suspended Jimmy Kimmel's late-night show after falsely blaming conservatives for Charlie Kirk's assassination. (FOX)
Hyundai Motor plans to ramp up U.S. production to shield profits from U.S. tariffs. (WSJ)
Cracker Barrel CEO Julie Masino conceded on an earnings call that the company misjudged customers' deep affinity for its nostalgic branding. (FBN)
🛢️ Energy & Commodities
⭐ Editor’s Pick: The European Union will miss a key UN deadline for establishing binding 2040 emission-reduction targets. (OP)
Valar Atomics broke ground on Utah's first nuclear test reactor, Ward 250, at the San Rafael Energy Lab in Orangeville. (ETV)
The U.S. is in talks with Orion Resource Partners to create a $5 billion fund for critical mineral mining investments. (BBG)
UBS raised its silver price forecasts to $44 an ounce by end-2025 and $47 by mid-2026, positioning the metal for all-time highs. (INV)
🌕 Crypto
⭐ Editor’s Pick: The SEC approved on an "accelerated basis" listing standards for crypto exchange-traded funds, setting the stage for products to be ready for public trading. (TB)
Ripple, Franklin Templeton, and DBS will offer tokenized money market fund trading and lending on the XRP Ledger, enabling stablecoin yield and token-collateralized liquidity. (CD)
NYDFS granted Bullish a license, enabling the Peter Thiel-backed crypto exchange to offer spot trading and custody services in New York. (CT)
Coinbase CEO Brian Armstrong expressed optimism about the impending passage of a major crypto market structure bill, likening it to "a freight train leaving the station." (TV)
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TECH
💻 Meta Unveils Ray-Ban Display Smart Glasses

(Credit: Meta/YouTube)
The Scoop: Meta unveiled the Meta Ray-Ban Display, a new pair of smart glasses with a built-in display for apps, alerts, and directions, controlled by a wristband using subtle hand gestures, announced by CEO Mark Zuckerberg at Meta Connect 2025, TechCrunch reports.
The Details:
The Meta Ray-Ban Display, priced at $799 and available from September 30, 2025, builds on the success of Meta’s original Ray-Ban Meta smart glasses, integrating cameras, speakers, microphones, and an AI assistant.
The glasses feature a right-lens display for Meta apps like Instagram, WhatsApp, and Facebook, as well as navigation and live translations, connecting to the cloud for internet and social media access.
The accompanying Meta Neural Band, a screenless wristband resembling a Fitbit, uses electromyography (EMG) to detect hand gestures for app navigation, offering 18 hours of battery life and water resistance.
Unlike Meta’s advanced Orion prototype from 2024, which featured augmented reality and eye tracking, the Meta Ray-Ban Display uses a simpler display and is positioned as a consumer-ready product.
What’s Next: The success of Meta Ray-Ban Display could strengthen Meta’s push to connect with users on its own hardware, though its simpler technology may face challenges competing with future, more advanced offerings.
Tech Roundup
🧠 AI
⭐ Editor’s Pick: Scientists developed Delphi-2M, an AI model trained on 400,000+ health records, predicting susceptibility to over 1,000 diseases decades ahead. (TG)
xAI began constructing Colossus 2, aiming to build the world’s first gigawatt-scale AI datacenter across Memphis and Mississippi. (SEM)
Reddit is negotiating with Google to expand their AI partnership, aiming to boost its presence in Google’s AI Overviews and other products through dynamic pricing models. (SEL)
Meta is negotiating with media companies, including Condé Nast and Disney, to license content for its AI video tool. (WSJ)
Amazon is deploying an AI-powered chatbot-style creative assistant to automate the production of ad campaigns for advertisers. (WSJ)
🤖 Hardware & Robotics
⭐ Editor’s Pick: Researchers designed a last-mile delivery system using autonomous robots, cutting costs by up to 53% while prioritizing same-day deliveries. (TCD)
Monster Laundry in Sacramento became North America's first laundromat to deploy an AI-powered robot that folds laundry. (KCRA)
ICE acquired a robot from Icor Technology that can climb stairs, open doors, and deploy smoke bombs. (FOR)
AGIBOT's Lingxi X2 humanoid robot has achieved a world first by executing the Webster flip, demonstrating breakthroughs in dynamic balance and complex motion control. (PD)
🚀 Defense & Space
⭐ Editor’s Pick: Silicon Valley firms like Palantir and Scale AI are pivoting to defense, securing Pentagon contracts with AI and robotics as $33 billion in venture capital fueled dual-use tech startups in 2024. (LAT)
The U.S. and Saudi forces conducted the Middle East's largest live-fire counter-drone exercise at Saudi Arabia's Red Sands center. (UPI)
Israel's Iron Beam laser air defense system cleared its final tests, achieving a “global technological and engineering breakthrough.” (BD)
Palantir inked a roughly (£750 million) $1 billion AI-focused contract with the U.K. military. (TT)
💰 Venture Capital
⭐ Editor’s Pick: Groq, an AI chip startup rivaling Nvidia, secured $750 million in funding led by Disruptive at a $6.9 billion valuation. (TC)
Upscale AI, a startup developing open standards-based networking tools for AI infrastructure, launched with over $100 million in funding co-led by Mayfield. (SA)
Irregular, a startup aiding AI labs in testing models for potential misuse, raised $80 million across seed and Series A rounds led by Sequoia, achieving a $450 million valuation. (FOR)
Macroscope, founded by Periscope co-founder Kayvon Beykpour to help developers detect bugs, secured a $30 million Series A led by Lightspeed Venture Partners. (CNBC)
FREEDOM
🚨 Trump to Designate Antifa a "Major Terrorist Organization"

(Credit: Molly Riley/White House)
The Scoop: President Donald Trump announced on Wednesday that he will designate Antifa, a decentralized far-left activist group, as a "major terrorist organization," citing its role in violent protests and subversive activities, Fox News reports.
The Details:
Trump described Antifa as a "sick, dangerous, radical left disaster" and accused its members of being "professional agitators" who engage in criminal acts, such as throwing bricks at ICE and Border Patrol vehicles.
The announcement follows Trump’s Monday statement in the Oval Office, where he signaled openness to the designation, and comes after the assassination of Turning Point USA founder Charlie Kirk.
Trump also called for thorough investigations into those funding Antifa, emphasizing adherence to legal standards.
Undercover journalist Cameron Higby reported Antifa members in Seattle recently stopped drivers during an immigration riot, demanding they say "F--- ICE" and setting fires under vehicles of those who refused to comply.
What’s Next: The designation could lead to increased federal scrutiny and legal action against Antifa members and their financial backers, potentially escalating tensions with left-wing groups.
Freedom Roundup
🏛️ Policy & Culture
⭐ Editor’s Pick: Vance recounted a poignant Oval Office moment where Trump, upon learning of Charlie Kirk's assassination, paused in stunned silence before vowing to honor Kirk's legacy. (NYP)
The Trump administration plans to prioritize "patriotic education" in awarding discretionary grants to schools and universities. (EDU)
A federal appeals court rejected former Disinformation Governance Board head Nina Jankowicz's defamation lawsuit against Fox News on First Amendment grounds. (RTN)
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DISCLAIMER: The CAPITAL newsletter is for informational purposes only and does not constitute financial, investment, or professional advice. Readers should conduct their own research and consult a qualified financial advisor before making investment decisions. The CAPITAL newsletter and its owner and operator, Josh Caplan, are not liable for any loss or damage resulting from reliance on this information. The CAPITAL newsletter is solely owned and independently operated by Josh Caplan, separate from any employer affiliations.