00:00Is there anything you can do? Because a lot of people will use VPNs, you know, who are based here
00:03in the U.S. to trade on these offshore markets. Is there any oversight that you have over that?
00:08We're certainly evaluating. It's interesting when you look at a VPN, because in theory, if there are U.S. persons
00:13using that, it's routing the activity offshore, which raises questions as to where is the trade executed.
00:20If you've got an offshore router of a U.S. person, that may not technically implicate our jurisdiction due to
00:27the fact that they're using an offshore server with another offshore server and all that.
00:32So it's definitely something we're thinking about. These are complex legal questions.
00:35But our goal is to make sure that we have regulated markets here in the U.S. that people will
00:40want to use.
00:41You know, if you think back to the Napster versus Spotify versus iTunes saga, we had so many people on
00:46these illegal file sharing music platforms.
00:50And once you had clear rules of the road in the United States, once there was a reason to go
00:55use the more well-regulated and legal platform, everyone started doing that.
01:00No one's using Napster or BitTorrent or that sort of thing to get their music anymore.
01:04They're on iTunes or Spotify.
01:05And we expect to see the same with the prediction markets where people are going to flock to the regulated
01:10markets here in the United States.
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