The Kosmos Blog
The thesis, in the open: what we believe about this asset class, and the notes we write when the tape does something worth explaining.
ManifestoBloomberg didn't win by putting prices on one screen
The terminal sold confidence, not data. Forty years later the raw material is free and the confidence is still scarce.
Kosmos- Manifesto
Why can't Kalshi or Polymarket build Kosmos?
NYSE didn't build the terminal. DraftKings won't show FanDuel's line. A venue cannot be neutral about its own order flow, and neutrality is the product.
Kosmos