Nathan Radke

So things like Polymarket, they're crypto-based sites.

And so already that sort of adds an element of- Sketchiness.

Sketchiness, technological sketchiness to it.

It is illegal in my province of Ontario.

But the idea is that users can make bets on real world events.

So you're presented with a number of scenarios with expiry dates, and you can either invest in, yes, it will happen by this date, or no, it won't happen by this date.

Then once the deadline passes, anyone who invested in the correct answer gets paid, everyone else loses.

And the more unlikely an event is, the less people will invest into happening.

And so the better the payout, if it does happen, you're better off if you bet on something that is unexpected that ends up occurring.

Exactly.

And so you can invest in the outcome of sporting events or Oscar winners or elections.

And there's some other options as well.

I checked yesterday.

Polly Market said there was only an 18 percent chance that the American government will confirm that aliens exist by the end of this year.

Oh, okay.

Well, that one's just fine.

I mean... Yeah, that one's fine.

A 4% chance that Jesus returns by the end of the year.

Okay.

And there is an appeal to tech like this because some have argued, again, the utopians, the techno-utopians amongst us, they've argued that Polymarket is an excellent source to assess the likelihood of things occurring because of something called the wisdom of the crowd.