Turbo Play

About Turbo Play

The Commission launched its investigation into various reports of insider betting on the election date in June 2024 after Ladbrokes flagged a bet placed by Williams, who was recorded as a politically exposed person.

Further bets flagged by operators involved other politically sensitive individuals, including Metropolitan Police officers and political advisers. The Commission charged 15 people total in April 2025. Four have now pleaded guilty.

The offences relate to special betting markets that let customers wager on the exact date of the general election.

What is Turbo Play?

Just the rumors of this had spurred BTC past $58,000 a token, but then whoops, it crashed again by about $10,000 in a matter of minutes. This is what corporate America wants to put on its balance sheets? A pseudo-asset that they won’t even know the value of any given minute? Speedballing by comparison seems quite the mild, conservative habit to engage in. But the BTC crowd certainly has one thing absolutely right. Having extra fiat money on your balance sheet, especially U.S. dollars, at this point in monetary history, is extremely dangerous, even suicidal. Corporations are going to have to get rid of them real soon, because the U.S. dollar is about to completely implode. And with the U.S. dollar, will go every single other fiat currency in the world in real purchasing power terms.

Once it becomes obvious, it will be too late to do anything about it. It doesn’t matter how great a company you have. If you are interested in preserving your company, there is only one thing you can do. Replace any extra fiat currency stuck on your balance sheet with real money, with gold, now, or you will sink together with all the inflated paper nothing units on your balance sheets.

I concede, CEOs know much more about business than I do. That’s why they are business leaders and I am not, nor will I ever be. So who the hell am I then? I will say confidently, I absolutely know my place in this world. It is as clear to me as the sun. I may not understand much about doing business, but I know what money is, and I know what money is not. I know what happens to unbacked paper currency when governments shut down the world and blast currency from monetary firehoses all over the world until we are all drowning in it. It dies.

How to play Turbo Play

It could, therefore, take quite a bit longer than the timing of the initial filing indicates. The CFTC would have to publish its action and solicit public comment after White House review before writing a formal proposed rule. Any final rule would have to undergo another review and comment period before it could take effect. 

The distinction matters for crypto businesses. The filing shows regulatory work is moving forward, but exchanges and other market participants cannot yet consider it a set of rules they must adhere to. 

The CFTC’s move also comes as other US regulators continue to craft their own crypto policies. The agency and the Securities and Exchange Commission (SEC) jointly issued an interpretation in March on how certain crypto assets would be treated under federal securities laws.