Vlad Tenev

And then of course, over the past year, it's expanded into sports where now prediction markets are kind of

eating and disrupting traditional sports betting.

And I think that's brought with it a lot of controversy, also a lot of battles.

But yeah, I think from the standpoint of an active trader,

This gives you lots of things to trade on, right?

Now you can hyper specialize on all these things.

Like you can be, if you're an expert in culture or video games, you have like this new niche of things to trade on.

And I think that's why it's resonated.

And for the general public, the sum total of all that trading activity gives you a truth signal.

To a large degree unbiased, probably not entirely, but

Yeah, I mean, in the regulated prediction markets, there are definitely limits.

And we impose limits ourselves.

So one of the things we don't offer is these mention markets.

Mention market is basically like, you know, president gives a speech.

What are the odds he's going to say a certain word?

I see.

Yeah.

I know some places offer those markets.

In our view, they're too easily manipulable.

So they sort of like deviate a little bit from something that is a useful, high quality product.