Eric Balchunas

And I think it's, you're so right.

You had people buying oil stocks for Trump's first term because he was on the campaign trail saying things like drill, baby, drill.

It didn't f***ing mean anything.

Oil was the worst performing sector in the market.

And clean energy crushed under Trump.

It makes no sense.

So if you were allocating like, oh, this is my Trump basket and then this is my Hillary basket.

It's almost, it's astrology.

It is.

Whereas this is like, do you think Trump wins or do you think he loses?

And if you think he wins, how much are you willing to risk?

Yeah.

Or how much do you want to make?

Here's what you'll have to risk.

Hold on, before the silly season- Chalamet breaks up with Jenner.

Yeah, what's the name of Tara Swift's baby?

The question of whether or not they'll come in handy is going to be a function of the amount of liquidity.

Like if there's enough people that are willing to make these bets, which I'm not sure about, it seems like right now there might be for some things and not for others.

It's a lot of sports.

So we had the CEO Schwab on stage and we asked him like, would you rule out ever having prediction markets?