Highlight clip: Michael Dempsey: Young people fall into speculation before they understand the compounds.
The complex's managing partner, Michael Dempsey, said in an Oct. 19 interview with the Empire that betting should be limited to those 26 and older, arguing that young people get caught up in speculation before they understand long-term growth and compounding. He admitted that he financed some of his living expenses through college sports betting and trading options since he was 18, but now strongly opposes prediction markets and excessive gambling. Dempsey criticized the obsession with short-term profits and the waning desire to create things. While acknowledging the effort involved in trading memes, he questioned its intellectual value, joking that using Pump Fun could be 100 times worse for your brain than using ChatGPT every day.