Kai Risdahl

And yes, I know you can bet on elections now already, but are you not worried about the corrosion here?

When these markets get bigger, yes, I will.

And the concern will be a little bit like point sharing a basketball.

So, for example, there's concern that Carolyn Leavitt cut one of her briefings short a week or two ago because there was a contract.

And if she would have gone on for another 10, 15 seconds, one side would have paid off relative to the other.

Now, my concern about that is relatively low because the amount of money at stake in that contract was virtually trivial.

But when these things grow...

you're going to have more concern about the equivalent of point shaving in just about every one of the markets that support some kind of event contract outcome.

So with an appreciation that the government of the United States right now, with the exception of whatever President Trump decides to do unilaterally on any given day, is basically paralyzed and regulation and new legislation are extremely difficult.

Do you imagine a time when people are going to try to regulate this stuff like the SEC regulates Wall Street?

The short answer to that is yes.

There's a certain level of regulation that already exists.

And the question in many ways is not what are the regulations, but how intelligently and aggressively they are enforced.

We've got the rules.

Are we smart about applying them?

Yeah.

Answer your own question for me, sir, would you?

We can do better.

Yeah.

Joe Grunfest used to teach at Stanford, used to be on the Securities Exchange Commission.