David Gurra

A little more than 30 seconds, but we'll give you it.

Thank you very much.

Now, coming up, we've got to look forward to what to expect from President Trump's State of the Union address, which is later tonight.

We have the preview.

This is Bloomberg Tech.

All eyes are on President Trump's State of the Union speech tonight.

This only days after the Supreme Court decided to strike down his tariff policies.

Bloomberg TV's Washington correspondent Tyler Kendall joins us.

What do we need to expect?

Bloomberg's Tyler Kendall with the rundown.

Thank you very much.

And look, the State of the Union is also the target for bets on prediction markets, like calci, like polymarkets.

Look, a market that was once a fringe obsession of economists and election wonks, now traders are wagering on just about everything.

Critics call it unregulated gambling, and it's today's Big Take Deep Dive.

I'm pleased to say Bloomberg contributor Chris Beam is here to talk us through it.

It is a wonderful deep dive.

And just as we think about the State of the Union, how has the idea of regulating this changed in the years?

So currently, the status quo is that prediction markets are regulated by the CFTC.

And the reason is that they technically offer what are called event contracts, and event contracts are derivatives.

And so the CFTC argues that falls under their purview.