Joe Wiesenthal

not just forecasters here, not just people who are good at predicting things, but deeply informed flow where they maybe just know the answer already.

Are you able to spot that?

Are you able to sense that?

And does that change how you think about risk management within a given market?

If you see a lot of people slamming that, you're like, OK.

But does everyone know like a mention market is like,

Will Joe, Tracy, or Jeremy say the word dogecoin?

Exactly.

Someone bets like, it's crazy, whatever.

So as you mentioned, you don't make a market in every market and some things are more logical.

Do you have, when you say, okay, you're market maker for Kelshi, do you have a list of like, this is what we do and don't?

Or is it like, like I'm sort of in my mind, the way I think about your role, a little bit like a Lloyd's of London in the sense that it's like, okay, so someone has some risk and then they call you up and they like, can you make us a price for this?

So is it a set list or is it like you take it as you see it?

Yes.

Okay.

We can make a market.

No, this is not something we're going to participate in on a sort of like per market basis.

This is like people putting in URLs.

that haven't gone live yet, right?

And they have some feel and they test them out.