Jeremy Maletz

We actually tried to list a product and it took about a year and it was just too slow.

And then, you know.

We tried to list it with my ex.

And that was the process for listing a future.

And now prediction markets came around, and that process went to a day or even inside of a day.

So I think really that's the real valuable thing that happened with prediction markets.

And I think that with compute, you see this ability of prediction markets to potentially move very quickly.

So they can launch a product.

There are products on prediction markets that have compute.

And these other things that kind of look like compute, you might say DRAM prices.

People worry about that all the time, right?

The shipping costs.

These things that are kind of like a commodity, but they...

don't really have a commodity.

Prediction markets can be speed to market, and the system works in that way.

So I absolutely think it's something we're thinking about, and I think they can totally have a role in that ecosystem.

You know, honestly, it all just comes down to the election.

You know, as head of macro, I had sort of a niche for trading the election.

And I kind of got exposed to prediction markets because they were trading in Europe on Betfair.

And we had a European entity and we were involved with it there.