Andrew Ross Sorkin

Every financial crisis and every time speculation gets out of hand, it gets out of hand because people are using borrowed money.

I don't know if you know this.

If you go to the supermarket to buy a lottery ticket in virtually every state in America, they will not let you buy the lottery ticket with a credit card.

You could not buy the lottery ticket with a credit card.

And we, from a social perspective, decided we don't want people going into debt to be making bets like that, right?

Lottery tickets, unfortunately, even though I buy them, it's like a tax on the stupid, given your chances.

And so that's what I worry about.

I think we have to keep an eye out for just how people are financing all of the prediction market stuff, sports gambling, everything else.

Including CNBC.

I don't get concerned about it.

I actually think that the good news about these things, but it's a different use case, is to think about the prediction markets.

to some extent, as a indicator, a potentially leading indicator of what's going to happen in the world.

It's just, to me, another sort of signal in a lot of noise about what's happening in news.

So I actually think that piece of it's actually quite valuable.

But again, you know,

all the people that are participating in it.

I don't know.

I don't know.

Is it for entertainment?

Is it actually, you know, some people go to Vegas and they say, you know what, I'm going to spend a couple hundred bucks over there because it's going to, you know, I'm going to,