Sagar Enjeti

you know there is no such thing as there is let's say with the s p 500 or vanguard or any of that like with prediction markets where if you are you know just a passive investor in these index funds you'll make money over the long run there is no there is no like even artifice

for the average person to invest or trade on a prediction market where they're gonna make money in the long run.

It literally doesn't exist.

It exists purely to siphon off gains from desperate people, basically, who are on there.

What was that article that we had where the guy took out a loan and then bet it all on CalSheet?

I mean, first of all, what an idiot.

But second, like, okay, we recognize we have a lot of idiots in our society, so we have to protect them.

At least I do.

That's what I think.

And so what do we do?

We're like, hey, you can't have payday loans because that was the argument for it.

The argument for payday loans was, well, if people are willing to take it, then why shouldn't they be able to offer that service?

And we're all like, yeah, I don't know.

It's usury.

It's a Lindy thing that even though it may exist and even supported supposedly by the free market, we all think that's bad.

And so we don't want people to be exploited that way because we recognize the power imbalance.

Well, why can't we recognize it here?

And it's basically corruptions.

There's just no other story behind it.

And this is why, you know, people are like, oh, why do you do so many segments?