00:00Have a value on this.
00:01Sometimes we talk about, Joe, like, I don't want to tie my money up here
00:03to the end of the season.
00:04How about tying your money up to around 2030?
00:07Yeah, it's still 2025 right now.
00:08That's a good five years.
00:09The question that we have on the Cal State market is,
00:12Seattle team play game before 2030.
00:15Yeah, I didn't read that wrong.
00:16That's how it's listed there.
00:16Seattle team play game before 2030.
00:19But understand this.
00:21You say to yourself typically, like, okay, that's five years.
00:23They've got to get a franchise.
00:24They're always looking to get back to Seattle, which I do agree with.
00:26But a lot of times the holdup, Joe, is not the team getting back to Seattle
00:30or anywhere where you're looking to have an expansion team.
00:31It's like, okay, Carolina expansion team in football.
00:35It's going to take some time.
00:36They need to build the stadium before they get in there.
00:38You already have that ready-made brand-new arena that Seattle's playing hockey
00:42in right now that will accept a basketball team.
00:45So for me, Joe, for Seattle to get a basketball team back by 2030,
00:49I wouldn't bet on it because it's too far down the line.
00:51But I got to tell you, I think that's a winning bet,
00:53and you do get a Seattle team playing a game in Seattle before 2030.
00:58Well, Donnie, this is a great one because it highlights the significant difference
01:03between the predictive markets and your sportsbook betting.
01:08If I was to bet on this in a sportsbook, Donnie,
01:11I'd have to wait until there was finality one way or the other,
01:15whether they did or didn't by 2030, right?
01:18Which means my money is tied up until we get to some sort of conclusion.
01:22In the predictive markets, I lock myself into this contract at that price now,
01:27and at any time between now and 2030, Donnie, if the value increases,
01:33I'm making money and I can sell that contract.
01:36I'm good to go.
01:37I'm out.
01:37See you later.
01:38So I'm not forced to have to keep the money in there,
01:42wait until the event happens one way or the other.
01:45No, no, no.
01:45If that line continues to move up and it looks like it's going to happen,
01:49you got yourself a pretty good investment.
01:51Okay.
01:51So
01:56you
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