A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.
A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.
No one. It is parasitic.
Although prediction markets might help get an honest read on what people that bet think will happen, seeing as they outlawed the non profit predictit around 2021 or so, run by universities while giving the franchise to for profit companies, means these companies maximizing revenue will pollute the predictions resulting from seeing how people vote with their money, (a more honest measure than their words.)