States can regulate prediction markets as gambling, federal appeals court rules | CNN Business
edition.cnn.com
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.

      • queermunist she/her@lemmy.ml
        3·
        16 hours ago

        It’s a fact, not some kind of defense of gambling. The US economy is only not in a recession by technicality, because of a few industries propping it up: gambling, healthcare, and data centers.

        Healthcare is real economic activity, everything else is fake and parasitic. But, once they fail things could unravel.