Can you delve into how financial markets are using prediction markets as a gauge for consensus?

because prediction markets have bubbled up in the context of the world of futures trading and contract trading, there are arguably opportunities to use them as either probability signals or hedging tools.

I think that becomes more complicated in the world of sports where you could question what event you're necessarily hedging.

But I will say that my view of this may be more as a gaming analyst, because that's my expertise, is that they certainly do seem to be sentiment indicators.

I will also say that we have spent some time more informally, not scientifically, looking at the implied probability of a particular sports team winning an event as implied by the money line, let's say, on a sports book.

and as implied by the trading levels on a platform like CallSheet.

And while there are differences between the two, they align roughly.

potential risks related to prediction markets? Can you explain some of the risks like insider trading, market manipulation?