Neil Freiman

That is a lot.

Plus, LinkedIn ads generates the highest B2B, that's business to business, ROAS of all online ad networks.

Yeah, the heat is totally being cranked up.

There are multiple layers to this backlash.

Shrek would be very proud.

On the one hand, you have states saying, hey, you're offering what is essentially sports betting in our state, but we haven't legalized sports betting.

You can't do that.

19 states still haven't allowed sports betting since that big Supreme Court decision in 2018.

But you can use Kaoshi.

to wager on sports there and also polymarket.

And then increasingly, you have this tsunami of federal bills.

Three this week alone, three were released, which basically argue prediction markets are destroying democracy and the fabric of our society by being rife with insider trading and allowing Americans to wager on literally anything that ever happens, which is ruining their lives.

So the heat is being turned up.

Right.

So there's this turf war that's going on between the states and the federal government.

But there's also this more moral backlash to gambling more broadly, which is not just focused on polymarket and couch, but also DraftKings, FanDuel and our culture.

of just literally gambling on everything.

Recently, Major League Baseball signed a deal with Polymarket, and Alexandria Ocasio-Cortez, the representative from New York, had this tweet that went absolutely viral, quote, tweet, quote, posting,

this particular deal between MLB and Polymarket saying pervasive gambling is not good for society.

It turns life into a casino, traps people in an addiction and debt, surges domestic violence and fosters manipulation.