00:00So I know we're going to get into a few different things within the prediction market space. We
00:04began the show talking about prediction markets and just what's going on in Nevada as it relates
00:08to Kalshi, but there's no question, I mean, this has to be a gigantic month in the prediction
00:14market space with March Madness right around the corner and even before that conference tournaments.
00:18What are the expectations? Yeah, huge. Last year as Kalshi was just getting started with
00:25sports event contracts on sports, it was doing a huge amount of betting and trading on March
00:32Madness last year, something like half a billion dollars across the tournament last year. And
00:37again, they had just started out. They kind of ramped up this football season. Now college
00:43basketball is the biggest thing that people trade on at Kalshi. It is something like 20%
00:48of all volume is trading on men's college basketball games and point spreads and totals. So we,
00:55you know, uh, I'm not sure I can put a number on it, but there is going to be like
00:59billions,
01:00mid billions in trading on March Madness. I might even be low. So this is, you know,
01:05I can't understand how big this is for them or coming off football season, football, uh, you know,
01:09Superbowl hundreds of millions was traded on that and the halftime show and everything around the
01:13game. Um, you know, Kalshi's been like kind of treading water here and maybe even growing in the,
01:19in the wake of that. Lots of people are transitioning to, to basketball trading and betting. And so we're
01:23going to see, uh, like, uh, conference tournaments, uh, coming up, just lots of games off of televised
01:28games. So, um, yeah, we expect just a huge mark, huge, uh, huge month here for Kalshi and everybody
01:34else that's in the prediction market space.
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