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States can regulate prediction markets [gambling] as gambling, federal appeals court rules (edition.cnn.com)
submitted 2 months ago by to c/technology@lemmy.world
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A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.

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[–] 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

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