Alex Heath

And, you know, you probably have seen the sort of charts coming around and other metrics.

To us, that's kind of the most important thing, like number of users, real volume, real kind of revenue, like financial metrics.

It's interesting because last year, if you were to kind of look at the mindshare of CalShear versus PolyMarket, we were probably kind of like 5% to 10% of the mindshare.

um there's ways to measure you can look at google search for example like how many people know about uh coming versus the other it was a tough year because you know in 2024 in the early 2024 really kind of that similar dynamic was happening so we again stood firm by a principle which is regulatory first we are not going to do anything that is sort of uh um like outside of the bounds of the law that we that's kind of a principle we're never going to you didn't want to be a shoot first ask questions later tech company

Just financial services, I don't think is the right thing to do, right?

I really think financial services, the long-term winners are like, you know, measure twice, cut once, do it right.

It's very, very different, right?

Because in financial services, when things go wrong, they go wrong in a bad way.

And so you really need a regulator and you need a regulatory oversight.

Yeah.

So it was hard.

Last year was hard because they were getting the mind share because they launched the market.

They just did it.

There's a whole debate whether it was in the US or not, but it was obviously a lot of people were in the US.

But like,

That, you know, they scaled because they had the market and they had the offering.

Obviously, they scaled much ahead of us.

They basically went ahead and before us.

And that was a difficult period for the company because like, that was, I would say, the most difficult period because we were kind of like hamstrung, like being told no by the government.

And, you know, we, and then you had a competitor that's sort of like doing it, you know, and you've seen this kind of, I think Coinbase had their fair share of competitors that operate that way.