prediction markets

“I mean, I think these are really good businesses, but they are some combination of entertainment and gambling. I don't think that these things are as useful Directional indicators as they are just really interesting businesses that allow people to bet and wage…”

“If you just follow the price of Bitcoin, the price of Doge, the Mexican US dollar exchange ratio, all of those things, we're leading, we're getting that up way before the prediction markets started moving because those are the truest, biggest markets and the m…”

“Options are, I think, a great reflection of a prediction market. The difference, though, is that in a prediction market, it's a binary yes, no, versus an option market, you're laying, you're layering in your bets across multiple price points and different dura…”

“So for example, we have a prediction market live on the platform now about which companies are going to IPO.”

“As this kind of a behavior proliferates, we expect that the nature of media itself is going to change because a lot of media is now going to be derived from the prediction markets.”

“Everything is becoming a market, and you're going to see this convergence where eventually you'll have sports that look like markets, you'll have knowledge that becomes a market, and then you'll ultimately have equities and debt instruments also behave this wa…”

“The prediction markets today, unless they are regulated out of existence or shut down, Will look like the stock market free Reg FD. And there's nothing we can do except choose not to bet it. Because otherwise, what you're going to have are a ton of sharps taki…”

“The use of inside information gets to the truth faster. And I think that has value, especially if it uncovers corruption or misdeeds. And so if people make money along the way, and that's the incentive that it takes for folks to work around what would otherwis…”