States can regulate prediction markets [gambling] as gambling, federal appeals court rules

Comments

• idunnololz@lemmy.world ⁨9⁩ ⁨hours⁩ ago

  It’s not gambling if you have insider information

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• bdonvr@thelemmy.club ⁨16⁩ ⁨hours⁩ ago

  And the party comes crashing down lmao

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• NateNate60@lemmy.world ⁨23⁩ ⁨hours⁩ ago

  I can say that I personally like prediction markets. They’re a fun way to waste $20 with your friends. But I don’t like the negative societal effects that they cause from the behaviour they encourage. And they most certainly are a form of gambling.

  Court rulings can only do so much. There needs to be national legislation on this.

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