Jeremy Maletz

Some of, you know, some of the things that you might say that something perhaps in pop culture, we might, we're probably not going to be that good at it relative to others.

Right.

There are certain things.

Well, we'll see.

But there is a community of a lot of people that can make a lot of these types of markets.

And what we want to do is we want to scale our capacity with our technology, our quantitative models, our very trader-driven insights that we have, and our capital.

That's where we're going to add the most value to an exchange.

If something just requires a bunch of people to dig into it, the universe of all the different superforecasters, we're probably not as necessary.

So you probably don't need us to know something about when Taylor Swift is going to get married.

But the fact is that the things that have the most economic value tend to be the things that need us the most.

And so that's really where we try to play.

And I think it's great that the ecosystem has these complementary forces of like,

the community of all of the superforecasters, and then the people like us, who both kind of have different skill sets.

It is, yeah.

And so when you look at the volumes, obviously, there's a real percentage of the volume.

More than half the volume certainly is sports.

And there's a reason for that, right?

Sports has been a big market in the United States for a long time.

And it's happened in kind of a fractured way across a lot of different states.

And there's certain states where you can't do it and it's a different regulatory system everywhere.