Why did you revamp the site from its setup 4 weeks ago? Why the switch to this "options" form over the previous parimutuel betting scheme? Where are you opera

Why did you revamp the site from its setup 4 weeks ago? Why the switch to this "options" form over the previous parimutuel betting scheme? Where are you operating out of? I'd be really careful operating this sort of thing without legal protections. It doesn't seem like you have much capital committed to taking these bets. How are you calculating your risk exposure?