prediction markets

“If we wanted this to be, to get, be on a certain set of scale without regulators, like shutting it down or like having it has to be regulated. And two is like any financial market, you have to be able to work with the brokers, like the Schwab's of the world, t…”

“Twitter is like the best way to get Aggregate, like, use the wisdom of the crowds for where the news, like, the past for what just happened or what happened, and prediction markets are the way to use the wisdom of the crowds for what is going to happen.”

“The difference is actually about whether the underlying thing, like the thing that you're actually engaging in, has actually some sort of economic, social, cultural relevance outside of the act of placing the trade, right? Like, and so, so it's like, is it art…”

“I think it could just look like the stock market, maybe even bigger.”

“You can trade and hedge fire risk. You can hedge hurricane risk. And if you think about the process of like insuring yourself against a fire or a hurricane, It can be very expensive and it's cumbersome. You have to talk to a broker on the phone and the contrac…”

“One of the big use cases of prediction markets is not just as a trading product, but almost as a news media product, the source of information.”

“No, I think prediction markets or event contracts, but as I said are a very powerful tool. We're going to go into that at some point ourselves”