Michael Selig

But of course, it's very important to tether some of these political contracts to an actual political event.

and that caverns the risk of something turning into an assassination market.

If you look at, for example, the 2024 election contract, there were assassination attempts on President Trump.

There was a risk, for example, that could have turned into an assassination contract.

I think this risk

is underlying with a lot of contracts that doesn't make them assassination contracts themselves.

But if you have one that's very open-ended and isn't tied to a specific election, that's really what they, in theory, could become.

And that's something that we as a regulator are thinking about, and I encourage the exchanges to think about as well.

Well, the Biden administration actually drove Polymarket out of the U.S.

through enforcement.

had an action against the company, and as part of that enforcement action, agreed with Kali Market to keep the blockchain and the underlying exchange offshore.

Now we've seen them come into the U.S.

and have a registered exchange with us under the Trump administration.

That said, their offshore platform does not directly offer into the United States

I can't speak to whether people are accessing it through a VPN or that sort of thing, as you point out.

I'm not aware of this, but that platform itself is not available to the United States, whereas the regulated platform, which we are the overseer of,

is a self-regulatory organization and has to meet our standards.

Well, I'd love to see blockchain-based exchanges here in the United States.

I think the potential of on-chain markets is huge.

And if you combine the decentralized truth aspects of a blockchain and prediction markets,