That’s changing. It feels like the Trump administration is extremely aware of prediction markets and how important they are and how they can be gamed. There’s some back and forth about whether anyone should regulate them at all that we’ll come to, but the prominence of a Polymarket or a Kalshi, it’s only going up. And I’m wondering if you see the relationship between the existence of the prediction markets and the behavior of the principles — in business, in politics, in finance — in a way that suggests, “actually this is going to go very badly.”
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