▲ 303 ▼ States can regulate prediction markets [gambling] as gambling, federal appeals court rules (edition.cnn.com) submitted 2 months ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world 16 comments fedilink hide all child comments A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.
[–] Sibshops@feddit.cl 14 points 2 months ago (1 child) TIL it wasn't considered gambling in the first place. permalink fedilink source hideshow 1 child comment replies: [–] jumping_redditor@sh.itjust.works 1 point 2 months ago It was like how options aren't gambling, they have real uses (hedging risk) but the average person won't use them that way permalink fedilink source parent
[–] jumping_redditor@sh.itjust.works 1 point 2 months ago It was like how options aren't gambling, they have real uses (hedging risk) but the average person won't use them that way permalink fedilink source parent