🥃 Is America past peak bourbon?

I’m back in the office today, so S&I is back to regularly scheduled programming.

Invest in the future of betting

Kutt is a new user-friendly P2P betting platform

You probably know that the online betting industry is booming. But what you may not realize is how frustrated users are getting.

While traditional betting operators rake in billions, they’ve alienated many of their users with high fees, outdated UX, and predatory practices.

Enter Kutt — the world’s first fully social peer-to-peer betting platform.

No predatory bookies.
No house edge.
Just people betting against each other…on sports, politics, pop culture, and more
And a growing community of engaged users building their own betting networks with friends

Today, you have the chance to invest in Kutt on Republic and become part of this transformation.

Sports betting is on fire, but it's at an inflection point. Users are looking for transparency, fairness, and social engagement. Kutt is a place where betting is fair, fun, and deeply social.

Why invest in Kutt?

Huge market. The US alone generates $15 billion annually in sports betting revenue. It ain't going anywhere.
Unique P2P angle. Unlike traditional sportsbooks, Kutt is a peer-to-peer betting platform, meaning users bet directly against each other with no “House” advantage.
Scalable business model. Kutt earns 3% on every bet placed — lower than traditional platforms while still maintaining strong margins.
Proven traction. Kutt had $520k+ in 2024 revenue. $1 million raised from early investors. Betting is legal in 40 states, and Kutt is approved to operate in al of them.

Investment details

Raising through: Republic
Who can invest: Both accredited & non-accredited investors, anywhere in the world
Investment Min: $100
Valuation: $9.5 million (pre-money)

Learn more about Kutt

Clicking the button will:

Take you to Kutt's investment page on Republic
Give Kutt permission to email you

✅ Yes, send me info on Kutt →

To learn more about Kutt without giving permission to email, click here.

📰 Market Headlines

Markets traded mixed as investors digested wholesale inflation data and awaited today's CPI report.

The Dow climbed 0.5% while the S&P 500 bumped up 0.1%.

Producer prices rose less than expected in December, up 3.3% year-over-year versus forecasts of 3.5%.

Meta announced plans to cut 5% of its workforce, targeting the lowest-performing employees.

China reportedly considered selling TikTok's US operations to Elon Musk as one contingency plan ahead of a potential US ban.

Spain unveiled plans to impose a 100% tax on homes purchased by non-EU residents to combat its housing crisis.

🎰 Alts this week

🗳️ Kalshi appointed Donald Trump Jr. as an advisor

🫐 Emma Watson raises $6.2m for her premium gin brand

💎 Synthetic diamonds are growing at ~20%

🎨 Frida Kahlo and Henri Matisse Enter the Public Domain

🎵 UMG acquires Downtown Music in mega $775m deal

⛷️ How Vail's business model led to a strike in Park City

📉 2024 was pretty awful for VC, actually

🧠 Make yourself heard

🥃 I drink bourbon

🥣 With breakfast

👕 At weekends

🎉 To celebrate

🚰 Never

📊 Ideas, trends, and analysis

The US budget deficit hit $711 billion in Q1 fiscal 2025, jumping 39% from last year.

😱 Fear and Greed Index

📊 Winners and losers

Get $20 free shares at public.com using code ALTSCO.

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Earnings, upgrades, and acquisitions

No notable earnings to report.

Market movers

Edison International's shares fell 24% after the company was scrutinized for keeping LA power lines energized during a windstorm.
The CFPB sued Capital One for allegedly deceiving customers out of $2 billion in interest.
OpenAI launched scheduled tasks for ChatGPT Plus subscribers.
Whisky maker Brown-Forman cut 650 jobs globally and closed its Louisville barrel-making facility, affecting 210 workers.

🌍 Global Perspectives

🇰🇷 South Korean investigators attempted to arrest impeached President Yoon over his December martial law declaration.
🇨🇺 Cuba released 553 prisoners following talks with the Vatican, just hours after Biden announced sanctions relief.
🇸🇩 Random shelling killed 120 civilians in Sudan's Omdurman area.
🇬🇧 Britain's Princess Kate announced her cancer is now in remission after completing chemotherapy treatment.

📊 Crypto

Italy's largest bank Intesa Sanpaolo purchased €1 million worth of Bitcoin.
The US, Japan, and South Korea issued a joint warning about North Korean crypto thefts after hackers stole $308 million.

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🎤 What you said last time

“What I learned as the son of a jewelry salesman, a shiny rock is just a shiny rock until someone puts a price tag on it.”

🧠 Errata

A mysterious 1,100-pound space ring crashed into a Kenyan village, baffling experts about its origins.
In three hours, over 130 earthquakes rattled Iceland's Bardarbunga volcano, prompting aviation warnings.
Astronomers spotted a puzzling spiral galaxy with a black hole 400 million times larger than our sun.