I can predict that it’s going to be very volatile for the next few weeks.

The major difference between us and a bookie is the fact that we allow individuals to make markets in these events in the same way they make markets in a stock.

Last year they were right on nine out of 11 traded categories. They were wrong on Best Picture and Best Director.

In this case, you are kind of betting on what the Academy is doing, what Hollywood is thinking, what trends it is thinking about … I don’t know if you can guess at those.

It allows you to take a view on probabilities.