Thank you for the question.
As we talked about in our brief, a lot has changed certainly since 2018, let alone going back to 2014, almost a decade ago.
What we've seen, especially as multiple states have enacted legislation in the U.S., is that an unregulated market has no protections, no oversights, no safeguards, but a regulated market, the one we're talking about here with all the implementations we have put in place for integrity monitoring, for responsible gaming is actually working. It is taking money from the so-called black market and legitimizing the ability for people to wager on single game sports.
We have seen a difference. A lot of that has to do with things like technology, and the ability to make sure that all of these monitoring services are able to find any irregularities. We certainly think that a regulated market makes a lot more sense and is a much better way to enact legislation than looking at the illegal market.