Looking at the trends of those follow-the-leader institutions, it's clear. The situation of a certain top prediction platform is actually quite awkward—it's been online for so long, but it really doesn't have anything unique of its own. Getting the license was also a step late, and now market competition has long become fierce. What's even more heartbreaking is the sports betting sector, where active liquidity is severely lacking, and this is the track that users care about the most. Plus, the legal and compliance aspects are still very vague; no one can predict how policies might shift someday. To put it simply, relying on latecomer advantages to turn things around is becoming increasingly difficult.