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So just a question, when it was run through universities, were ordinary citizens allowed to basically make wagers on what would happen? Or was that not allowed?

No, they were, but it was quite cat, if that makes sense.

So the most you could bet, I think, was $400 bucks on any result.

And I remember this because, you know, I have a lot of friends who are gamblers,

and they had a very intense idea of who was going to win the Eric Adams mayoral election and like their main

they're we were all wrong by the way we all thought Catherine Garcia was going to go

I didn't do this I didn't bet on it because you know I'm a journalist or whatever but my friends

were trying to pile as much money on Garcia as possible and the problem was that like

there's only so many times you can bet

$400, right, through different accounts or whatever. And in that way, it was a little bit more,

it wasn't like what it is now where these markets have like hundreds of thousands,

sometimes millions of dollars in them to provide liquidity and to provide action.

Were there ever any guardrails, like there's a qualitative difference to me

between a bunch of people betting on the New York mayoral election and who's going to win,

and people putting bets on, is the United States going to invade Venezuela by the end of January

2026? And that's why we're talking about this because there were bets made on, I think

it was Polymarket maybe, but right before the Nicholas Maduro operation that suggests that

somebody was betting based on information that the,

the operation was about to take place.

That leaving aside the, you know, whatever that is,

I don't even know if you can call it insider trading,

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