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MC Mary Childs Mary Childs Journalist and author of The Bond King (Flatiron Books), a biography of PIMCO founder Bill Gross.

“It's like when a kid really needs a parent to make them stop doing something. They're like, please release me from this demon. That's what the Supreme Court can do for Kalshi.”

Money Stuff: The Podcast · October 2026

“It's like when a kid really needs a parent to make them stop doing something. They're like, please release me from this demon. That's what the Supreme Court can do for Kalshi.” — Mary Childs, Money Stuff: The Podcast

Childs and Matt Levine are discussing the legal fight over whether Kalshi can list sports contracts. Levine imagines that a ruling against Kalshi might leave it fine, its business having moved on to things like hedging data center risk. Childs answers with the line that gave the episode its title.

Money Stuff: The Podcast · 2026-10-16 Listen to the episode → More from Mary Childs →

Transcript

Money Stuff: The Podcast Around 16:16 into the episode
Speaker 1

I can't wait for more clarity here. I've stayed confused on this. Yeah.

Matt Levine

…have spent so much time. No, maybe it'll be great. Maybe like they'll have grown their business so much and they'll be like mostly hedging data center risk and they'll be like, it's okay. We didn't need the sports gambling. That was just like bootstrapping us to the glorious place we're at today.

Speaker 1

It's like when a kid really needs a parent to like make them stop doing something. They're like, please release me from this demon. That's what the Supreme Court can do for Calci.

Matt Levine

I don't want to speculate about their psychology. But you're

Speaker 1

going to do it. But I

Matt Levine

feel like part of them, they'd be a little pleased to be released from the demon of sports betting. They're not here to be sports bets.

Speaker names from our own diarization · position estimated from where the line sits in the episode

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