But they are in a way an admission of the fact that we can't make those decisions with great certainty. We rely on markets to correct for all the uncertainty. We rely on markets to shift risk. That's what hedging is all about. But markets do not eliminate the risk.
Somebody takes on the risk.
We created a regulatory structure which has a few simple principles, a very complicated elaborate regulatory structure, but based on a few simple principles, that seem to me to be principles entirely lacking in much of the gambling industry, the most obvious being disclosure of the risks. The second is we have suitability requirements. We look at and require certain things about who is permitted to be in certain markets. As a former president of a commodities exchange, it's one of the riskiest of markets. That is a matter of serious concern.