Chris Murphy

transparent, visible exchanges.

The same thing is happening with these prediction markets.

Obviously, we don't know who's making these trades an hour before the markets open or the day before war starts.

The president has his own cryptocurrency, and we can't see who's putting money in his pocket.

Maybe it's just MAGA fans, but maybe it's foreign governments or oligarchs or CEOs that are buying Trump's crypto coin, putting money in his pocket, and then whispering to him what they want from government.

So yeah, at the very least, just putting some transparency around all these markets would at least allow journalists and citizens to see whether it's on the level or not.

I don't think it's one that you can necessarily turn the clock back on.

Oh, I think we could absolutely turn back the clock.

I mean, the clock hasn't, you know, run the dial many times.

This is a really recent phenomenon.

And the prediction market problem in sports is a specific and acute one.

Okay, if the only bet you can place is on the outcome of a game, we still acknowledge that there's, you know, a lot of randomness that happens in that game.

That is not, unless somebody is really on the take, a knowable event.

But

Giannis is, you know, a big investor now in Kalshi.

And the bets on Kalshi are not just bets on, you know, who wins the Bucks games, but bets on where Giannis is going to play next, right?

What the trade structure is going to look like if he ends up getting dealt.

And Giannis has tons of control over that.

There are bets on who is going to be in the starting lineup this

That's not a random question.