Smarkets

Yeah, it is funny that that was one of my first introductions to this industry was essentially a legal loophole workaround, which does kind of bring us back to 2026 in a way.

But yeah, so for those of you who don't know me all that well, my background is as an attorney, but I got my start actually working for a company called Smarkets out of the UK, which Smarkets was very, very early to the betting exchange concept.

They were an early competitor to Betfair in the UK market.

And founder was an American guy, Jason Trost.

But then since then, other companies do this.

Smarkets in the UK did it famously and then undid it because they found it was taking up too much time, which is obviously telling.

But the idea is that Once you're transparent with your finances, once you're transparent with your pay, once everybody's ideally an owner at the same time, then they are the best place people to decide among themselves what their pay should be transparently.

Have you seen any of that? Have you done any of that? What's your experience with this?