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The Real Reason Financial APIs Are Losing Their Moat

The Real Reason Financial APIs Are Losing Their Moat

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Tommy Cotter from Benzinga joins the show to break down how stock market news actually works, and why their API business is quietly powering dashboards built by hobbyists at 2am and banks with millions of users alike. We get into the rise of prediction markets like Polymarket and Kalshi, how people are running arbitrage bots across them, and why 84 terabytes of historical news data is gold for training trading models. If you have ever wondered how financial media really makes money or thought about vibe coding your own trading tool, this one is worth your time.

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