William Quigley

They're just entertainment and the entertainment is speculation.

Which is, you know, a very persistent theme in online business.

People really like the idea of that kind of entertainment experience.

Don't, however, believe that prediction markets will ever be sort of multi-hundred billion dollar enterprises.

I see them much more of a niche.

Because it does take a fair amount of effort to place a bet or even create one.

And it's also, it's irregular, right?

It's not some, with the exception of, let's say, guessing weather, which is a pastime of people in prediction markets.

There's just not enough day by day, sort of minute by minute engagement you get from it.

They tend to really be popular around elections, right?

Yes.

But they're not like a, they're not as big as one might think.

If you think about like.

Absolutely.

Right.

Like, oh, we can make a bet on anything, you know, we'll.

The Dow Jones industrial average close with an odd or an even number, right?

You could do it on anything.

So I think they are a really good use case for crypto and just as a general entertainment experience, but it's not a huge industry.

Well, but think about this.