Brendan Dwyer

But from a sports purist and someone that worries about problem gambling of certain populations, I do worry about how the transactional nature of sports because of sports betting is changing, not just how fans interact,

with sports betting, but also how it is portrayed and how it's potentially changing decisions within the sport.

Right now we are over sponsoring, we are over advertising, we are targeting specific groups.

I think all of that is gonna have to change because as more research comes out in all sorts of fields.

addiction, problem gambling, or it's even marketing and advertising, a lot of the research is consistent in that you can't continue to target specific groups and advertise this much without providing safety nets.

It's not done in any other part of the world the way we're doing it right now, even though we're bringing in lots of money.

Yeah, I think they're related.

Prediction markets...

are very interesting phenomena in that they kind of combine a lot of different things.

I think sport has probably made them more commonplace.

Legal sports books have tried to get them shut down because they're trying to protect their service.

So I think as it relates to sports,

It has taken off because there are still a number of states that don't have legalized sports betting, including California and Texas.

Some very large states with lots of people.

Most states, you have to be 21 to bet.

And so there are gaps in the marketplace that prediction markets fill.

And it's also unregulated.

It's peer-to-peer.

There's no house.

So there's just a lot more opportunity there.