Dave Portnoy: Memecoins are ‘Legalized Ponzi Schemes’

Quick Summary:

The founder of Barstool Sports will speak at Consensus 2025 on May 15.

The Barstool Sports founder took to X in the aftermath to say, “I warned people I could sell.

They call him “El Presidente.” But unlike the other President, Dave Portnoy draws a line at launching a memecoin.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jennifer Sanasie

Category: Crypto

Markets: United StatesCanadaCubaSouth Africa

Topics: Feature CT2025 Consensus Toronto 2025 Coverage

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 15:04:22 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28174778

View Article Analysis

About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 29 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

Frequently Asked Questions