Can anyone explain to me how “prediction” markets aren’t just straight up gambling? Did some “it’s legal to gamble outside Nevada, Indian Reservations and Atlantic City” bill pass that I didn’t hear about?
It seems to be a long term trend that gambling has spread much further, but I think this supreme court case was a point where it became essentially up to each state now to allow gambling or not.
Can anyone explain to me how “prediction” markets aren’t just straight up gambling? Did some “it’s legal to gamble outside Nevada, Indian Reservations and Atlantic City” bill pass that I didn’t hear about?
It seems to be a long term trend that gambling has spread much further, but I think this supreme court case was a point where it became essentially up to each state now to allow gambling or not.
https://en.wikipedia.org/wiki/Murphy_v._National_Collegiate_Athletic_Association
Oh this is far more corrupt than normal gambling
They are. Except not really, since there’s so much insider “betting” that the majority of money “won” is by people who knew the result in advance.
Gambling’s legal in a lot more places now.
It’s gambling for industry insiders that want to do some insider trading.