Thomas Yeh

Are you seeing the uptake coming through maybe less on the bundled side versus the authenticated

Can you just help unpack which categories you're seeing particular strength in? Or are these new categories like the prediction market one

Can you dimensionalize the investment needs that you see ahead? Should we think about the incremental investment as largely content-related

any update on the progress you've made on the various states requiring sports betting licensing just a time line coming into shape

Just to put a finer point on that, that also excludes the incoming assets in terms of IPG? Or is it pro forma for both of them