Federal regulator’s definition of ‘gambling’ vs ‘gaming’ at heart of proposed prediction market rule
The federal agency that regulates prediction markets such as Kalshi and Polymarket is proposing rulemaking designed to determine, among other things, just what qualifies as “gaming.” Prediction markets are on-line platforms that accept wagers on almost everything, from sporting events to political contests. One analyst predicts as much as $10 billion in World Cup betting […]
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