Anthony Pompliano

And those, I think, are where people are like, hey, this feels more gambling than it does, you know, kind of financial investment.

How do you all from a regulator seat, like, do you start to try to determine what is inbounds and out of bounds?

Or is it more so the contract is the contract structure?

We want to regulate that.

And then what people are actually speculating on within the contract structure is more for the individual companies to decide.

So I recently talked to one of the Robin Hood executives, and he was talking about they don't list mentioned markets.

And I'm sure it's because of this kind of manipulation component.

If you then go and you say, okay, well, that is manipulation.

Well, where does the insider trading kind of rules lie?

And one of the things that I find interesting is if you go back to that Tesla example, if you work at, let's say, the people providing the windshields,

And you see that, hey, every time we pump out a bunch more windshields, somehow Tesla's deliveries are higher.

It's almost like indirect knowledge.

Or I think there was this example recently of Jeff Bezos going to the Super Bowl, but people knew he wasn't.

And people were basically trading on a rumor.

You're the expert, right?

I have no clue what the rule should be or should not be.

And frankly, it gets, I think, kind of a slippery slope if you start trying to regulate rumors versus like concrete evidence.

And so is there like a general framework for people who are actually participating in these markets who, frankly, they may not have, you know, general counsels or compliance people, etc.

They're obviously incentivized to make money.

How should they think about, you know, when they have inside information in these markets versus not?