Joey Krug on Prediction Markets, Crypto Treasuries & the Next Era of On-Chain Finance (Partner at Founders Fund)

In this episode of The Generalist, Mario Gabriele interviews Joey Krug, a partner at Founders Fund, about his history with prediction markets, crypto treasury movements, and the state of the crypto markets. Krug discusses his early interest in betting and modeling, which led to his involvement in crypto and the creation of Augur, one of the first crypto prediction markets. He shares insights on why prediction markets intrigue smart people, the challenges Augur faced, and why Founders Fund invested in Polymarket. The conversation also covers crypto treasury companies like Bitmine, the differences between ETH and Bitcoin treasury companies, and Krug's perspective on the current state of the crypto markets, including regulatory changes and future catalysts.