Recommended reading for a young investor

Prediction markets are turning anything into a trade, elections, weather and even Super Bowl song lists. We unpack how they’re starting to bite into the US sports betting giants and whether they're coming to Australia.

Then Owen Rask (Rask Advice) debuts on Pimp My Portfolio with 22-year-old Kaleb. We break down what he did right, what he can tweak, and why this approach matters if you’re just getting started.

In this episode:

0:00 Intro

0:53 Prediction markets: what they are + why they’re exploding

3:07 Kalshi vs Polymarket + how the “odds” actually trade

4:52 Sports betting disruption + listed gambling stocks sell-off

6:31 Australia angle: gambling risks + why this could get ugly

8:12 Insider trading + why these markets can be gamed

9:40 Pimp My Portfolio begins: Kaleb’s core & satellite setup

12:28 Owen’s review: risk, position sizing + book recommendations

Books mentioned in this episode:

• How Not To Lose $1 Million by John Addis
• A Random Walk Down Wall Street by Burton G. Malkiel

ETFs & Stocks mentioned in this episode: DraftKings (NASDAQ:DKNG), Flutter Entertainment (NYSE:FLUT), Taiwan Semiconductor Manufacturing Company (NYSE:TSM), NVIDIA (NASDAQ:NVDA), Alphabet (NASDAQ:GOOGL), iShares Core S&P/ASX 200 ETF (ASX:IOZ), iShares S&P 500 ETF (ASX:IVV), Vanguard FTSE Asia ex Japan Shares ETF (ASX:VAE), Vanguard FTSE Europe Shares ETF (ASX:VEQ), Global X Semiconductor ETF (ASX:SEMI), Global X 21Shares Bitcoin ETF (ASX:EBTC), Vanguard MSCI International Small Companies Index ETF (ASX:VISM), BetaShares Global Gold Miners Currency Hedged ETF (ASX:MNRS), Nu Holdings (NYSE:NU), Oklo (NYSE:OKLO)

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